DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 4.004000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.058000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Collapsing Doji Star’ candlestick pattern is found. The chart shows ‘Collapsing Doji Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.214000000 |
| 2nd High | 4.078000000 |
| Next High | 4.058000000 |
| Current Price | 4.026000000 |
| Next Low | 4.004000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.058000000 – 3.992000000 – 3.923000000 – 4.004000000 – 3.868000000 – 3.873000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Collapsing Doji Star