The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3.906000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.021000000 |
| Next High | 3.906000000 |
| Current Price | 3.819000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.906000000 – 3.887000000 – 4.021000000 – 3.725000000 – 3.612000000 – 3.712000000 — 52.296095067476 – 51.348236505016
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top retreat up – –