DOT/USDT – 30M – SELLNext a ‘Double top chart pattern’ chart pattern is detected. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
The bearish trend down to the next support level at 3.750000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 3.914000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021000000 |
| 2nd High | 4.005000000 |
| Next High | 3.914000000 |
| Current Price | 3.741000000 |
| Next Low | 3.750000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.914000000 – 4.005000000 – 4.021000000 – 3.750000000 – 3.874000000 – 3.807000000 — 38.755268850963 – 36.054905007058
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –