DOT/USDT – 4H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descent downwards to the next support level at 4.077 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.439 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.12 |
| 2nd High | 4.882 |
| Next High | 4.439 |
| Current Price | 4.076000000 |
| Next Low | 4.077 |
| 2nd Low | 3.792 |
| 3rd Low | 3.725 |
4.439 – 4.03 – 4.115 – 4.077 – 3.792 – 4.136 — 50.054663471001 – 41.75664721236 — 30.08857279986 – 25.62357287258 – 23.988830228195 – 26.882596196266
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –