The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support at 4.065000000 is certain.
Caution: A possible change in the direction of the resistance line at 4.269000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.269000000 |
| Current Price | 4.215000000 |
| Next Low | 4.065000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.269000000 – 4.144000000 – 4.123000000 – 4.065000000 – 4.081000000 – 3.839000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down