DOT/USDT – 1H – SELL

Additionally a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support level at 4.165000000 is certain.

Caution: A possible change in the direction of resistance at 4.673000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

4.673000000 – 4.587000000 – 4.454000000 – 4.381000000 – 4.165000000 – 4.133000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern