The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support at 4.144000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 4.258000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 4.283000000 |
| Next High | 4.258000000 |
| Current Price | 4.217000000 |
| Next Low | 4.144000000 |
| 2nd Low | 4.054000000 |
| 3rd Low | 4.030000000 |
4.258000000 – 4.209000000 – 4.154000000 – 4.144000000 – 4.054000000 – 4.030000000 — 56.402420523116 – 52.856573164113
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –