DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 2.257 will persist.
Caution: A possible change in the direction of the resistance line at 2.397 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.867 |
| 2nd High | 2.82 |
| Next High | 2.397 |
| Current Price | 2.264000000 |
| Next Low | 2.257 |
| 2nd Low | 2.252 |
| 3rd Low | 0.633 |
2.397 – 2.339 – 2.37 – 2.257 – 2.252 – 2.569 — 46.521614933406 – 46.082547015036 — 79.424924572029 – 89.662257875813 – 55.298081913843 – 75.195215376856
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –