DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.249 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Then a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.0125 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 2.249 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.135000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.249 – 2.263 – 2.18 – 2.112 – 2.096 – 1.968 — 41.50423424333 – 39.13693261863 — 18.360895699025 – 12.650658693824 – 14.900806627425 – 15.860558306601
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –