DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support line at 4.065000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 4.269000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Collapsing Doji Star’ candle pattern is detected. The chart forms ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.269000000 |
| Current Price | 4.189000000 |
| 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 – Collapsing Doji Star – Double bottom chart pattern