DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 3.863000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 4.309000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.309000000 |
| Current Price | 3.968000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.309000000 – 4.206000000 – 4.131000000 – 3.863000000 – 3.894000000 – 4.279000000 — 43.402949877097 – 37.63563932058
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern –