DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A descending movement down to the next support line at 1.197 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.334000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ candle pattern is found. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.334000000 |
| Current Price | 1.305000000 |
| Next Low | 1.197 |
| 2nd Low | 1.195 |
| 3rd Low | 1.193 |
1.334000000 – 1.296 – 1.263 – 1.197 – 1.204 – 1.195 —
1.334000000 – 1.303000000 —
76.477163891697 – 52.141843294289 —
1.334000000 – 1778054400 —
– 1778054400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –