The combination Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 3.572000000 will continue.
Caution: A possible change in the direction of the resistance level at 3.786000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 4.105000000 |
2nd High | 3.991000000 |
Next High | 3.786000000 |
Current Price | 3.616000000 |
Next Low | 3.572000000 |
2nd Low | 3.389000000 |
3rd Low | 3.339000000 |
3.786000000 – 3.991000000 – 3.834000000 – 3.572000000 – 3.663000000 – 3.773000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows