DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish trend down to the next support level at 4.153000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 4.626000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The 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 | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.626000000 |
| Current Price | 4.316000000 |
| Next Low | 4.153000000 |
| 2nd Low | 4.119000000 |
| 3rd Low | 4.054000000 |
4.626000000 – 4.281000000 – 4.258000000 – 4.153000000 – 4.119000000 – 4.054000000 — 34.536667870715 – 33.09627072958
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –