DOT/USDT – 4H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 3.812000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 4.371000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.371000000 |
| Current Price | 3.908000000 |
| Next Low | 3.812000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.371000000 – 4.181000000 – 3.757000000 – 3.812000000 – 3.817000000 – 3.538000000 — 52.478872277372 – 43.102604572619
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –