DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at is expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.316 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.223294 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 2.316 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.316 |
| Current Price | 2.268000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.316 – 2.397 – 2.339 – 2.263 – 2.176 – 2.242 — 46.373784617228 – 43.149875656888 — 34.242526918154 – 17.154205255628 – 60.755967171147 – 38.555706146625
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –