DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 4.044000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 4.193000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a negative 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

4.193000000 – 3.997000000 – 3.966000000 – 4.044000000 – 3.923000000 – 3.890000000 — 29.941593992843 – 28.82818144619

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –