DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 2.252 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 2.435 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going 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 | 2.328000000 |
| Next Low | 2.252 |
| 2nd Low | 0.633 |
| 3rd Low |
2.435 – 2.62 – 2.82 – 2.252 – 2.503 – 2.569 — 44.619695457003 – 43.424179203534 — 83.832305184109 – 79.60376071418 – 76.028553629602 – 81.549904143576
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –