DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 6.454000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 6.840000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.988000000 |
| Next High | 6.840000000 |
| Current Price | 6.621000000 |
| Next Low | 6.454000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |