DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 2.569 will persist.
Caution: A possible change in the direction of resistance at 2.802 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Besides a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair could go down.
Besides a ‘%K fall below 80’ indicator signal is detected. The indicator shows ‘%K fall below 80’. which could be a negative signal. The currency pair could go down.
Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.899 |
| 2nd High | 2.867 |
| Next High | 2.802 |
| Current Price | 2.556000000 |
| Next Low | 2.569 |
| 2nd Low | 2.527 |
| 3rd Low | 2.343 |
2.738 – 2.802 – 2.764 – 2.569 – 2.642 – 2.617 — 32.864698974155 – 29.434062983837 — 26.79333774277 – 0 – 55.574485233367 – 26.69724335159
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –