DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 4.165000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 4.554000000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern 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 Black Crows’ heading down is 82%.

4.554000000 – 4.673000000 – 4.587000000 – 4.279000000 – 4.381000000 – 4.165000000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – –