DOT/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1.249000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.304 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.304 – 1.297 – 1.292 – 1.249000000 – 1.225 – 1.265 —
1.277000000 – 1.285000000 —
39.591515720988 – 54.546764812583 —
1.249000000 – 1770912000 —
1.304 – 1770894000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double top retreat up – –