DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 3.963000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.112000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.225000000 |
| 2nd High | 4.214000000 |
| Next High | 4.112000000 |
| Current Price | 4.010000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.056000000 – 4.053000000 – 3.963000000 – 3.977000000 – 4.013000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji