DOT/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards

A bearish movement downwards to the next support level at 4.013000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 4.283000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles form ‘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 success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

4.283000000 – 4.265000000 – 4.207000000 – 4.013000000 – 4.038000000 – 3.690000000 — 51.70931690401 – 44.848966619702

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –