DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 7.460000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 7.988000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Harami’ candlestick pattern is existing. The chart shows ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 7.694000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami