DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support at 4.081000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.196000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 4.168000000 |
| Next Low | 4.081000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.144000000 – 4.123000000 – 4.099000000 – 4.081000000 – 3.839000000 – 3.800000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows – Double bottom retreat down