DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 3.393000000 is likely expected.
Caution: A possible change in the direction of resistance at 3.582000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.675000000 |
| 2nd High | 3.595000000 |
| Next High | 3.582000000 |
| Current Price | 3.417000000 |
| Next Low | 3.393000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.582000000 – 3.441000000 – 3.356000000 – 3.393000000 – 3.274000000 – 3.271000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern