DOT/USDT – 1H – SELLAdditionally a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support level at is expected.
Caution: A possible change in the direction of resistance at 3.390000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.786000000 |
| 2nd High | 3.665000000 |
| Next High | 3.390000000 |
| Current Price | 3.389000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.390000000 – 3.665000000 – 3.582000000 – 3.308000000 – 3.313000000 – 3.499000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down