The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 2.273000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 2.435 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.62 |
| Next High | 2.435 |
| Current Price | 2.323000000 |
| Next Low | 2.273000000 |
| 2nd Low | 2.252 |
| 3rd Low |
2.435 – 2.62 – 2.82 – 2.273000000 – 2.252 – 2.503 — 43.594798538266 – 42.608002868955 — 68.437860374346 – 62.674827759543 – 77.469517455104 – 70.276077550095
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –