DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support level at 3.663000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3.991000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 3.991000000 |
| Current Price | 3.750000000 |
| Next Low | 3.663000000 |
| 2nd Low | 3.634000000 |
| 3rd Low | 3.615000000 |
3.991000000 – 3.834000000 – 3.859000000 – 3.663000000 – 3.735000000 – 3.754000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low