DOT/USDT – 1H – SELLThe currency pair goes from the ascending trendline down.
A descending movement downwards to the next support line at 5.116000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 5.839000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 5.839000000 |
| Current Price | 5.056000000 |
| Next Low | 5.116000000 |
| 2nd Low | 4.968000000 |
| 3rd Low | 4.314000000 |