DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 4.153000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 4.626000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.673000000 |
| Next High | 4.626000000 |
| Current Price | 4.330000000 |
| Next Low | 4.153000000 |
| 2nd Low | 4.119000000 |
| 3rd Low | 4.054000000 |
4.626000000 – 4.281000000 – 4.258000000 – 4.153000000 – 4.119000000 – 4.054000000 — 38.7978866575 – 38.523378200745
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –