DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 6.871000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 7.592000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.802000000 |
| 2nd High | 7.678000000 |
| Next High | 7.592000000 |
| Current Price | 6.985000000 |
| Next Low | 6.871000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |