DOT/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.510628 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.557 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.681 |
| 2nd High | 1.603 |
| Next High | 1.557 |
| Current Price | 1.547000000 |
| Next Low | 1.473 |
| 2nd Low | 1.458 |
| 3rd Low | 1.225 |
1.557 – 1.603 – 1.599 – 1.473 – 1.498 – 1.504 —
1.551000000 – 1.567000000 —
57.610776266685 – 66.338300754123 —
– —
1.557 – 1772553600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –