DOT/USDT – 30M – SELLMoreover a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 2.179 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.246 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | 2.4 |
| 2nd High | 2.393 |
| Next High | 2.246 |
| Current Price | 2.220000000 |
| Next Low | 2.179 |
| 2nd Low | 2.096 |
| 3rd Low | 1.968 |
2.246 – 2.239 – 2.173 – 2.179 – 2.182 – 2.096 — 66.361325988974 – 51.598980853781 — 81.239063256264 – 65.511084654677 – 85.093761247006 – 75.996403722402
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down – –