DOT/USDT – 4H – SELLFurthermore a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 3.863000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 4.309000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Collapsing Doji Star’ candle chart pattern is found. The candles show ‘Collapsing Doji Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.309000000 |
| Current Price | 3.766000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.323000000 |
4.309000000 – 4.673000000 – 4.624000000 – 3.863000000 – 3.800000000 – 3.323000000 — 43.54822863271 – 36.168873820172
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Double top chart pattern –