DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 3.839000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.144000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

4.144000000 – 4.123000000 – 4.099000000 – 3.839000000 – 3.800000000 – 3.939000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down