The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.806 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.843000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.899 |
| 2nd High | 0.868 |
| Next High | 0.843000000 |
| Current Price | 0.828000000 |
| Next Low | 0.806 |
| 2nd Low | 0.801 |
| 3rd Low | 0.795 |
0.843000000 – 0.84 – 0.868 – 0.806 – 0.801 – 0.809 —
0.843000000 – 0.839000000 —
67.85452775655 – 58.838773991523 —
0.843000000 – 1782874800 —
– 1782874800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –