DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.496 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.553 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Collapsing Doji Star’ candlestick chart pattern is found. The chart shows ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.662 |
| 2nd High | 1.654 |
| Next High | 1.553 |
| Current Price | 1.499000000 |
| Next Low | 1.496 |
| 2nd Low | 1.392 |
| 3rd Low | 1.225 |
1.553 – 1.654 – 1.662 – 1.496 – 1.539 – 1.582 —
1.533000000 – 1.520000000 —
39.899551867145 – 42.641118659069 —
– —
1.553 – 1773982800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – – –