The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.93 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 2 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.064 |
| 2nd High | 2.051 |
| Next High | 2 |
| Current Price | 1.948000000 |
| Next Low | 1.93 |
| 2nd Low | 1.873 |
| 3rd Low | 1.834 |
2 – 1.96 – 2.051 – 1.93 – 1.873 – 1.881 —
1.962000000 – 1.950000000 —
50.771947341799 – 48.290811065191 —
– —
2.00000 – 1769032800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –