DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 8.347000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 9.212000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. 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 | 9.920000000 |
| 2nd High | 9.669000000 |
| Next High | 9.212000000 |
| Current Price | 8.427000000 |
| Next Low | 8.347000000 |
| 2nd Low | 7.590000000 |
| 3rd Low | 7.500000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows