The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.654 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.681 |
| 2nd High | 1.662 |
| Next High | 1.654 |
| Current Price | 1.549000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.654 – 1.64 – 1.662 – 1.539 – 1.582 – 1.588 —
1.564000000 – 1.562000000 —
41.129740679178 – 41.621386817811 —
– —
1.654 – 1773804600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –