The pair Polkadot/Tether (DOT/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.897000000 will continue.
Caution: A possible change in the direction of the resistance zone at 1.984 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Besides a ‘Two Crows’ candle chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.051 |
| 2nd High | 2 |
| Next High | 1.984 |
| Current Price | 1.931000000 |
| Next Low | 1.897000000 |
| 2nd Low | 1.873 |
| 3rd Low |
1.984 – 1.963 – 2 – 1.897000000 – 1.914 – 1.905 —
1.942000000 – 1.974000000 —
36.143108116368 – 56.932400391501 —
1.897000000 – 1769178600 —
1.98400 – 1769142600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –