DOT/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 6 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 6.810000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.988000000 |
| 2nd High | 6.840000000 |
| Next High | 6.810000000 |
| Current Price | 6.396000000 |
| Next Low | 6.000000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold