DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support at 3.837000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.309000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.309000000 |
| Current Price | 4.227000000 |
| Next Low | 3.837000000 |
| 2nd Low | 3.817000000 |
| 3rd Low | 3.538000000 |
4.234000000 – 4.158000000 – 4.181000000 – 3.837000000 – 3.817000000 – 3.965000000 — 64.586110532722 – 58.408638546903
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down – –