DOT/USDT – 4H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 3.665000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 4.251000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.964000000 |
| 2nd High | 4.615000000 |
| Next High | 4.251000000 |
| Current Price | 4.312000000 |
| Next Low | 3.665000000 |
| 2nd Low | |
| 3rd Low |