The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A descent down to the next support line at 1.269 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.334 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.355 |
| 2nd High | 1.341 |
| Next High | 1.334 |
| Current Price | 1.301000000 |
| Next Low | 1.269 |
| 2nd Low | 1.205 |
| 3rd Low | 1.197 |
1.334 – 1.296 – 1.245 – 1.269 – 1.205 – 1.197 —
1.332000000 – 1.325000000 —
71.238669819869 – 61.230439702643 —
– —
1.334 – 1778056200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –