DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 2.252 will continue.
Caution: A possible counter-trend in the direction of resistance at 2.435 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.252 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 2.435 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candle pattern is existing. The candles show ‘Two Crows’. which is a negative chart scenario. The currency 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 | 2.82 |
| 2nd High | 2.62 |
| Next High | 2.435 |
| Current Price | 2.296000000 |
| Next Low | 2.252 |
| 2nd Low | 0.633 |
| 3rd Low |
2.435 – 2.62 – 2.82 – 2.252 – 2.503 – 2.569 — 41.107432644502 – 35.586564308412 — 51.751546256086 – 33.40176338992 – 41.954643154801 – 44.397947098302
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –