DOT/USDT – 1H – SELLThe pair jumps from the ascending trendline down.
A bearish movement downwards to the next support at 5.116000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 5.839000000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. 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 | |
| 2nd High | |
| Next High | 5.839000000 |
| Current Price | 5.205000000 |
| Next Low | 5.116000000 |
| 2nd Low | 4.968000000 |
| 3rd Low | 4.314000000 |