DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 3.328000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 3.423000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency 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 | 3.665000000 |
| 2nd High | 3.567000000 |
| Next High | 3.423000000 |
| Current Price | 3.418000000 |
| Next Low | 3.328000000 |
| 2nd Low | 3.308000000 |
| 3rd Low | 3.274000000 |
3.423000000 – 3.363000000 – 3.390000000 – 3.328000000 – 3.308000000 – 3.313000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –