DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 3.665000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles show ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.991000000 |
| 2nd High | 3.786000000 |
| Next High | 3.665000000 |
| Current Price | 3.432000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.665000000 – 3.582000000 – 3.433000000 – 3.499000000 – 3.366000000 – 3.352000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Inside Down –