DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 6.551000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 7.988000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Top’ candlestick pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 6.760000000 |
| Next Low | 6.551000000 |
| 2nd Low | 6.520000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top