DOT/USDT – 4H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 3.308000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.665000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ chart pattern is found. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 3.991000000 |
| Next High | 3.665000000 |
| Current Price | 3.343000000 |
| Next Low | 3.308000000 |
| 2nd Low | 3.007000000 |
| 3rd Low |
3.665000000 – 3.465000000 – 3.991000000 – 3.308000000 – 3.007000000 – 3.709000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low – Head and Shoulder chart pattern