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 line at 3.782000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 4.074000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. this is a bearish pattern 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).

4.074000000 – 4.089000000 – 3.885000000 – 3.782000000 – 3.725000000 – 3.692000000 — 60.045190697629 – 55.675209658881

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – – –