DOT/USDT – 1H – SELLAlso there is a ‘Triple top chart pattern’ chart formation is found. The chart shows ‘Triple top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 2.343 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.82 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. 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 | 2.82 |
| Current Price | 2.364000000 |
| Next Low | 2.343 |
| 2nd Low | 0.633 |
| 3rd Low |
2.82 – 2.738 – 2.802 – 2.569 – 2.642 – 2.617 — 29.628395476417 – 25.714209782067 — 28.616710233169 – 8.3133380381087 – 43.811859743149 – 26.728134848522
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple top chart pattern – –