DOT/USDT – 4H – SELLAlso there is a ‘Double bottom retreat down’ chart pattern is found. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 3.690000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 4.193000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Collapsing Doji Star’ candle chart pattern is discovered. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 4.165000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.690000000 – 3.697000000 – 3.812000000 — 66.105589811288 – 60.756298650139
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –