DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 7.460000000 will persist.
Caution: A possible change in the direction of the resistance level at 7.988000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Bearish Harami’ candlestick chart pattern is existing. The candles form ‘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 success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 7.694000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami