DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A descending movement down to the next support line at 3.366000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 3.567000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘On Neck’ candle pattern is detected. The chart forms ‘On Neck’. 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 chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.675000000 |
| 2nd High | 3.665000000 |
| Next High | 3.567000000 |
| Current Price | 3.443000000 |
| Next Low | 3.366000000 |
| 2nd Low | 3.352000000 |
| 3rd Low | 3.274000000 |
3.567000000 – 3.665000000 – 3.465000000 – 3.499000000 – 3.366000000 – 3.352000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – On Neck – Double top chart pattern