DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.423000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
Next a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The currency 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 | 3.665000000 |
| 2nd High | 3.567000000 |
| Next High | 3.423000000 |
| Current Price | 3.380000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.423000000 – 3.363000000 – 3.390000000 – 3.328000000 – 3.308000000 – 3.313000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Tweezers Top –