The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.509 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.576 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 1.899 |
| 2nd High | 1.896 |
| Next High | 1.576 |
| Current Price | 1.434000000 |
| Next Low | 1.509 |
| 2nd Low | 1.452 |
| 3rd Low | 1.399 |
1.576 – 1.536 – 1.56 – 1.509 – 1.452 – 1.399 —
1.537000000 – 1.526000000 —
43.900342493973 – 35.315279730088 —
– —
1.576 – 1770044400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –