DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 3.692000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 3.906000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.021000000 |
| Next High | 3.906000000 |
| Current Price | 3.760000000 |
| Next Low | 3.692000000 |
| 2nd Low | 3.612000000 |
| 3rd Low | 3.538000000 |
3.906000000 – 3.887000000 – 3.875000000 – 3.692000000 – 3.612000000 – 3.655000000 — 36.870750580729 – 35.529151233442
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –