DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 6.654000000 is considered certain.
Caution: A possible change in the direction of resistance at 7.678000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Harami’ candlestick pattern is found. The chart forms ‘Bearish Harami’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.264000000 |
| 2nd High | 7.802000000 |
| Next High | 7.678000000 |
| Current Price | 6.940000000 |
| Next Low | 6.654000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami