DOT/USDT – 1H – SELL

Then a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descending movement down to the next support line at 3.800000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 4.196000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

4.196000000 – 4.067000000 – 4.110000000 – 3.800000000 – 3.939000000 – 3.796000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Tweezers Top – Double bottom retreat down