DOT/USDT – 4H – SELL

Next a ‘Double bottom retreat down’ chart formation is found. The chart shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.

The combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.

A bearish descent downwards to the next support line at 3.800000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 4.346000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

4.196000000 – 4.110000000 – 3.665000000 – 3.800000000 – 3.323000000 – 3.308000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down