DOT/USDT – 30M – SELLCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.219 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.219 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Concealing Baby Swallow’ candlestick pattern is detected. The candles form ‘Concealing Baby Swallow’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.226 |
| 2nd High | 1.222 |
| Next High | 1.219 |
| Current Price | 1.201000000 |
| Next Low | 1.2 |
| 2nd Low | 1.197 |
| 3rd Low | 1.179 |
1.219 – 1.222 – 1.226 – 1.2 – 1.205 – 1.197 —
1.210000000 – 1.203000000 —
46.109306496555 – 40.530281795459 —
– —
1.219 – 1777604400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Concealing Baby Swallow – Symmetrical Triangle Chart Pattern – –