DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 3.538000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 3.757000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.757000000 |
| Current Price | 3.668000000 |
| Next Low | 3.538000000 |
| 2nd Low | 3.427000000 |
| 3rd Low | 3.323000000 |
3.757000000 – 3.666000000 – 3.921000000 – 3.538000000 – 3.427000000 – 3.446000000 — 58.188922556797 – 56.8830186503
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern – –