DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 6.871000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 7.592000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.802000000 |
| 2nd High | 7.678000000 |
| Next High | 7.592000000 |
| Current Price | 7.082000000 |
| Next Low | 6.871000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down