DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 3.330000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 3.577000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.991000000 |
| 2nd High | 3.786000000 |
| Next High | 3.577000000 |
| Current Price | 3.481000000 |
| Next Low | 3.330000000 |
| 2nd Low | 3.250000000 |
| 3rd Low |
3.577000000 – 3.786000000 – 3.991000000 – 3.330000000 – 3.459000000 – 3.496000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Tweezers Top