DOT/USDT – 4H – BUYAdditionally a ‘Triple bottom chart pattern’ chart layout is existing. The chart picture shows ‘Triple bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 3.9475 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 4.283000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Inside Down’ candle chart pattern is discovered. The candles form ‘Three Inside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 4.104000000 |
| Next Low | 3.725000000 |
| 2nd Low | 3.612000000 |
| 3rd Low | 3.538000000 |
3.906000000 – 3.887000000 – 4.021000000 – 3.725000000 – 3.612000000 – 3.712000000 — 65.433760915715 – 61.521085720975
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – Triple bottom chart pattern – –