DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 3.812000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 3.955000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.103000000 |
| Next High | 3.955000000 |
| Current Price | 3.904000000 |
| Next Low | 3.812000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
3.955000000 – 4.103000000 – 4.371000000 – 3.812000000 – 3.903000000 – 3.916000000 — 48.440636748915 – 46.994082275195
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –