DOT/USDT – 4H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards

A descent down to the next support line at 3.800000000 is considered certain.

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

Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.196000000 – 4.110000000 – 3.665000000 – 3.800000000 – 3.323000000 – 3.308000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern