DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 4.120000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 4.185000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Inside Down’ candle pattern is detected. The chart shows ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.207000000 |
| Next High | 4.185000000 |
| Current Price | 4.146000000 |
| Next Low | 4.120000000 |
| 2nd Low | 4.038000000 |
| 3rd Low | 3.690000000 |
4.185000000 – 4.207000000 – 3.853000000 – 4.120000000 – 4.038000000 – 3.690000000 — 55.622512450107 – 52.981655486512
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – Double bottom retreat down – –