DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A descent down to the next support level at 3.796000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 4.110000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.110000000 |
| Current Price | 3.948000000 |
| Next Low | 3.796000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.110000000 – 3.448000000 – 3.390000000 – 3.796000000 – 3.828000000 – 3.323000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows –