DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 2.257 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 2.37 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.62 |
| 2nd High | 2.435 |
| Next High | 2.37 |
| Current Price | 2.341000000 |
| Next Low | 2.257 |
| 2nd Low | 2.252 |
| 3rd Low | 0.633 |
2.37 – 2.435 – 2.62 – 2.257 – 2.264 – 2.273 — 56.301171510072 – 52.690983937332 — 59.257462341743 – 49.86369097126 – 55.761944367434 – 55.444660074546
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –