The combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 2.112 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.249 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.141000000 |
| Next Low | 2.112 |
| 2nd Low | 2.096 |
| 3rd Low | 1.968 |
2.249 – 2.242 – 2.263 – 2.112 – 2.179 – 2.182 — 43.953508288835 – 38.204103710333 — 11.445465104002 – 15.370605004751 – 6.2686380338445 – 10.16543153584
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –