DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 3.963000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 4.214000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.214000000 |
| Current Price | 4.149000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.058000000 – 3.992000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down