DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support level at 3.963000000 will persist.
Caution: A possible change in the direction of the resistance level at 4.214000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.225000000 |
| Next High | 4.214000000 |
| Current Price | 4.171000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.077000000 – 4.112000000 – 4.056000000 – 3.963000000 – 3.977000000 – 4.013000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down