DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 4.120000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 4.185000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.207000000 |
| Next High | 4.185000000 |
| Current Price | 4.147000000 |
| Next Low | 4.120000000 |
| 2nd Low | 4.038000000 |
| 3rd Low | 3.690000000 |
4.185000000 – 4.207000000 – 3.853000000 – 4.120000000 – 4.038000000 – 3.690000000 — 54.060169470255 – 53.441938716033
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –