The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.837 is likely expected.
Caution: A possible change in the direction of resistance at 0.887 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92 |
| 2nd High | 0.899 |
| Next High | 0.887 |
| Current Price | 0.880000000 |
| Next Low | 0.837 |
| 2nd Low | 0.825 |
| 3rd Low | 0.806 |
0.887 – 0.85 – 0.843 – 0.837 – 0.825 – 0.826 —
0.890000000 – 0.894000000 —
69.192582016056 – 60.770786120487 —
– —
0.887 – 1783137600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –