DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 3.725000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 3.894000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ candle chart pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish pattern 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021000000 |
| 2nd High | 3.906000000 |
| Next High | 3.894000000 |
| Current Price | 3.856000000 |
| Next Low | 3.725000000 |
| 2nd Low | 3.692000000 |
| 3rd Low | 3.612000000 |
3.894000000 – 3.906000000 – 3.887000000 – 3.725000000 – 3.692000000 – 3.612000000 — 63.202400754326 – 56.397992913496
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –