DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at is expected.
Caution: A possible trend reversal in the direction of resistance at 3.427000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.33796 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 3.427000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.567000000 |
| 2nd High | 3.448000000 |
| Next High | 3.427000000 |
| Current Price | 3.351000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.427000000 – 3.448000000 – 3.423000000 – 3.365000000 – 3.359000000 – 3.328000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows –