The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.235 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.28 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Tweezers Top’ candle pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.308 |
| 2nd High | 1.291 |
| Next High | 1.28 |
| Current Price | 1.259000000 |
| Next Low | 1.235 |
| 2nd Low | 1.171 |
| 3rd Low | 1.147 |
1.28 – 1.291 – 1.308 – 1.235 – 1.248 – 1.27 —
1.266000000 – 1.267000000 —
51.09017364167 – 54.308049976788 —
– —
1.28 – 1776668400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – – –