DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 7.460000000 will persist.
Caution: A possible change in the direction of the resistance level at 8.468000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Collapsing Doji Star’ chart pattern is discovered. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.173000000 |
| 2nd High | 8.972000000 |
| Next High | 8.468000000 |
| Current Price | 7.762000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star