DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 6.520000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 7.360000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish SBS White Lines’ candle pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.678000000 |
| 2nd High | 7.592000000 |
| Next High | 7.360000000 |
| Current Price | 7.173000000 |
| Next Low | 6.520000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish SBS White Lines