DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 3.963000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 4.214000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Collapsing Doji Star’ candle chart pattern is existing. The candles form ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.214000000 |
| Current Price | 4.106000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.058000000 – 3.992000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Collapsing Doji Star