DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 3.839000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 4.099000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 4.196000000 |
| Next High | 4.099000000 |
| Current Price | 4.070000000 |
| Next Low | 3.839000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.099000000 – 3.984000000 – 4.196000000 – 3.839000000 – 3.800000000 – 3.939000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –