The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.828 is expected.
Caution: A possible change in the direction of the resistance line at 0.869 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.895 |
| 2nd High | 0.887 |
| Next High | 0.869 |
| Current Price | 0.847000000 |
| Next Low | 0.828 |
| 2nd Low | 0.825 |
| 3rd Low | 0.821 |
0.869 – 0.86 – 0.843 – 0.828 – 0.838 – 0.825 —
0.861000000 – 0.866000000 —
54.065816309091 – 55.209201111309 —
– —
0.869 – 1784120400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –