DOT/USDT – 4H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 3.308000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 3.665000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 3.991000000 |
| Next High | 3.665000000 |
| Current Price | 3.343000000 |
| Next Low | 3.308000000 |
| 2nd Low | 3.007000000 |
| 3rd Low |
3.665000000 – 3.465000000 – 3.991000000 – 3.308000000 – 3.007000000 – 3.709000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low – Head and Shoulder chart pattern