DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 3.308000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.363000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.395000000 |
| 2nd High | 3.390000000 |
| Next High | 3.363000000 |
| Current Price | 3.338000000 |
| Next Low | 3.308000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.363000000 – 3.390000000 – 3.395000000 – 3.308000000 – 3.313000000 – 3.499000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows –