DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 2.022 is likely expected.
Caution: A possible change in the direction of the resistance line at 2.153 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.263 |
| 2nd High | 2.249 |
| Next High | 2.153 |
| Current Price | 2.060000000 |
| Next Low | 2.022 |
| 2nd Low | 1.968 |
| 3rd Low | 1.765 |
2.153 – 2.12 – 2.13 – 2.022 – 2.033 – 2.034 — 47.971694879276 – 44.786220717796 — 53.566755083996 – 48.91010904804 – 55.600746635229 – 52.172119068671
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –