DOT/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart formation is existing. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.633 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.37 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.867 |
| 2nd High | 2.82 |
| Next High | 2.37 |
| Current Price | 2.249000000 |
| Next Low | 0.633 |
| 2nd Low | |
| 3rd Low |
2.37 – 2.82 – 2.738 – 2.257 – 2.252 – 2.569 — 46.613470489966 – 38.302159113896 — 68.712443454189 – 53.214952850359 – 68.575908296386 – 64.409335403866
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern – –