DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 7.590000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 9.920000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The 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 | 11.233000000 |
| 2nd High | 10.928000000 |
| Next High | 9.920000000 |
| Current Price | 8.962000000 |
| Next Low | 7.590000000 |
| 2nd Low | 7.500000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows