The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.332 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.391 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.566 |
| 2nd High | 1.44 |
| Next High | 1.391 |
| Current Price | 1.367000000 |
| Next Low | 1.332 |
| 2nd Low | 1.331 |
| 3rd Low | 1.252 |
1.391 – 1.44 – 1.304 – 1.332 – 1.331 – 1.252 —
1.356000000 – 1.379000000 —
46.004903831916 – 55.476776568378 —
– —
1.391 – 1771246800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –