DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement down to the next support at 3.965000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 4.181000000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair is likely to fall.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.181000000 |
| Current Price | 4.046000000 |
| Next Low | 3.965000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.181000000 – 3.696000000 – 3.757000000 – 3.965000000 – 3.538000000 – 3.427000000 — 47.299205047993 – 45.602329196968
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –