DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 6.010000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 7.109000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.592000000 |
| 2nd High | 7.152000000 |
| Next High | 7.109000000 |
| Current Price | 6.634000000 |
| Next Low | 6.010000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold