DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support level at 3.800000000 will continue.
Caution: A possible change in the direction of the resistance line at 4.624000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.389000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.624000000 – 4.196000000 – 4.110000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern