DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descent downwards to the next support at 6.482000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 6.810000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going 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 |