DOT/USDT – 30M – SELLBesides a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 3.568000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.692000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.692000000 |
| Current Price | 3.488000000 |
| Next Low | 3.568000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.692000000 – 3.921000000 – 3.858000000 – 3.568000000 – 3.745000000 – 3.626000000 — 45.321557061747 – 33.37625649314
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern –