DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.153 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 2.05868 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 2.153 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.263 |
| 2nd High | 2.249 |
| Next High | 2.153 |
| Current Price | 2.072000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.153 – 2.12 – 2.13 – 2.033 – 2.034 – 2.084 — 55.087346555713 – 49.225809121213 — 91.914978850753 – 76.910207015187 – 97.304992950251 – 89.608395288647
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –