The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.825 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.895 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Bearish Separating Lines’ candlestick chart pattern is existing. The chart forms ‘Bearish Separating Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979 |
| 2nd High | 0.908 |
| Next High | 0.895 |
| Current Price | 0.852000000 |
| Next Low | 0.825 |
| 2nd Low | 0.815 |
| 3rd Low | 0.795 |
0.895 – 0.908 – 0.9 – 0.825 – 0.815 – 0.795 —
0.858000000 – 0.874000000 —
45.327765071824 – 55.933619172514 —
– —
0.895 – 1783670400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Separating Lines – Symmetrical Triangle Chart Pattern – –