DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 3.692000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 3.887000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.887000000 – 3.875000000 – 3.825000000 – 3.692000000 – 3.612000000 – 3.655000000 — 57.421628730803 – 56.705176563866

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double bottom chart pattern – –