DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 2.084 is certain.
Caution: A possible counter-trend in the direction of resistance at 2.153 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 2.263 |
| 2nd High | 2.249 |
| Next High | 2.153 |
| Current Price | 2.060000000 |
| Next Low | 2.084 |
| 2nd Low | 2.048 |
| 3rd Low | 1.968 |
2.153 – 2.12 – 2.13 – 2.084 – 2.048 – 2.112 — 48.664600476383 – 44.837450650013 — 59.939274506899 – 60.003885143051 – 58.96124991894 – 59.299831728099
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –