The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 9.055000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 10.359000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Line Strike – Bearish’ candlestick chart pattern is detected. The chart forms ‘Three Line Strike – Bearish’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 10.500000000 |
Next High | 10.359000000 |
Current Price | 9.950000000 |
Next Low | 9.055000000 |
2nd Low | 8.604000000 |
3rd Low | 8.576000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Line Strike – Bearish