The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.425 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.566 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. 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 | 1.896 |
| 2nd High | 1.576 |
| Next High | 1.566 |
| Current Price | 1.383000000 |
| Next Low | 1.425 |
| 2nd Low | 1.399 |
| 3rd Low | 0.633 |
1.566 – 1.576 – 1.536 – 1.425 – 1.431 – 1.509 —
1.453000000 – 1.407000000 —
38.20218104889 – 27.267391647714 —
– —
1.566 – 1770148800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –