DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 2.244 is likely expected.
Caution: A possible change in the direction of the resistance level at 2.339 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Then a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.37 |
| Next High | 2.339 |
| Current Price | 2.260000000 |
| Next Low | 2.244 |
| 2nd Low | 0.633 |
| 3rd Low |
2.339 – 2.37 – 2.435 – 2.244 – 2.275 – 2.257 — 45.477955242746 – 42.244093926547 — 54.671865308445 – 59.439630447438 – 39.042932995436 – 50.706439823691
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –