DOT/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
The bearish trend down to the next support at 3.323000000 will continue.
Caution: A possible change in the direction of the resistance level at 3.921000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.569000000 |
| Next Low | 3.323000000 |
| 2nd Low | 3.308000000 |
| 3rd Low | 3.274000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.626000000 – 3.820000000 – 3.905000000 — 39.590688253804 – 28.457559607458
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – Double top chart pattern –