DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 6.810000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 7.109000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Belt Hold’ chart pattern is existing. The chart shows ‘Bearish Belt Hold’. 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 probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.592000000 |
| 2nd High | 7.152000000 |
| Next High | 7.109000000 |
| Current Price | 6.612000000 |
| Next Low | 6.810000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold