DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 6.537000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 7.109000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Below The Stomach’ candle chart pattern is detected. The candles show ‘Below The Stomach’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.592000000 |
| 2nd High | 7.152000000 |
| Next High | 7.109000000 |
| Current Price | 6.640000000 |
| Next Low | 6.537000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Below The Stomach