DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 3.323000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 4.110000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Northern Doji’ candlestick pattern is existing. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.110000000 |
| Current Price | 3.868000000 |
| Next Low | 3.323000000 |
| 2nd Low | 3.308000000 |
| 3rd Low | 3.007000000 |
4.110000000 – 3.665000000 – 3.465000000 – 3.323000000 – 3.308000000 – 3.007000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern