DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
The bearish trend down to the next support level at 4.075000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 4.598000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.598000000 |
| Current Price | 4.432000000 |
| Next Low | 4.075000000 |
| 2nd Low | 4.065000000 |
| 3rd Low | 3.839000000 |
4.277000000 – 4.269000000 – 4.144000000 – 4.075000000 – 4.065000000 – 4.081000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern