The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.458 is certain.
Caution: A possible change in the direction of the resistance level at 1.681 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.752 |
| 2nd High | 1.683 |
| Next High | 1.681 |
| Current Price | 1.532000000 |
| Next Low | 1.458 |
| 2nd Low | 1.235 |
| 3rd Low | 1.225 |
1.681 – 1.651 – 1.683 – 1.458 – 1.547 – 1.522 —
1.572000000 – 1.560000000 —
33.855943387257 – 43.972263290083 —
– —
1.681 – 1772323200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –