DOT/USDT – 30M – SELLFurthermore a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 3.568000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 3.692000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. which is a bearish chart scenario. 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 | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.692000000 |
| Current Price | 3.488000000 |
| Next Low | 3.568000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.692000000 – 3.921000000 – 3.858000000 – 3.568000000 – 3.745000000 – 3.626000000 — 45.321557061747 – 33.37625649314
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern –