DOT/USDT – 1H – SELLIn addition a ‘Triple top chart pattern’ chart layout is discovered. The chart picture shows ‘Triple top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 2.527 is certain.
Caution: A possible trend reversal in the direction of resistance at 2.867 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.949 |
| 2nd High | 2.899 |
| Next High | 2.867 |
| Current Price | 2.691000000 |
| Next Low | 2.527 |
| 2nd Low | 2.343 |
| 3rd Low | 0.633 |
2.867 – 2.899 – 2.949 – 2.695 – 2.784 – 2.774 — 38.888497334171 – 40.058809952843 — 26.165568392445 – 37.288591082665 – 19.098042678376 – 27.53669558675
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple top chart pattern – –