DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 3.796000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 4.065000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 4.110000000 |
| Next High | 4.065000000 |
| Current Price | 3.963000000 |
| Next Low | 3.796000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
4.065000000 – 4.110000000 – 4.016000000 – 3.796000000 – 3.828000000 – 3.332000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –