The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.828 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.874 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.895 |
| 2nd High | 0.887 |
| Next High | 0.874 |
| Current Price | 0.853000000 |
| Next Low | 0.828 |
| 2nd Low | 0.825 |
| 3rd Low | 0.821 |
0.874 – 0.869 – 0.86 – 0.828 – 0.838 – 0.825 —
0.866000000 – 0.862000000 —
55.209201486591 – 54.708627573132 —
– —
0.874 – 1784235600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –