DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at 6.482000000 is expected.
Caution: A possible change in the direction of the resistance line at 6.810000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.988000000 |
| 2nd High | 6.840000000 |
| Next High | 6.810000000 |
| Current Price | 6.696000000 |
| Next Low | 6.482000000 |
| 2nd Low | 6.454000000 |
| 3rd Low | 6.010000000 |