DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 7.460000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 7.988000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bearish Harami’ candle pattern is detected. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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