DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 6.537000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 6.944000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Harami’ chart pattern is found. The candles form ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.152000000 |
| 2nd High | 7.109000000 |
| Next High | 6.944000000 |
| Current Price | 6.633000000 |
| Next Low | 6.537000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami