DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.764 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.899 |
| 2nd High | 2.867 |
| Next High | 2.764 |
| Current Price | 2.714000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.764 – 2.867 – 2.843 – 2.617 – 2.695 – 2.784 — 51.423348032004 – 48.582124205659 — 63.137513388811 – 32.328142594271 – 67.347286068616 – 54.150872710834
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –