DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 3.313000000 is certain.
Caution: A possible change in the direction of the resistance level at 3.567000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Next a ‘Shooting Star’ candlestick chart pattern is discovered. The candles show ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.675000000 |
| 2nd High | 3.665000000 |
| Next High | 3.567000000 |
| Current Price | 3.358000000 |
| Next Low | 3.313000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.567000000 – 3.665000000 – 3.465000000 – 3.313000000 – 3.499000000 – 3.366000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Shooting Star –