DOT/USDT – 4H – SELLMoreover a ‘Double bottom retreat down’ chart formation is existing. The chart picture shows ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support line at 3.800000000 is expected.
Caution: A possible change in the direction of the resistance zone at 4.346000000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.346000000 |
| Current Price | 4.194000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.196000000 – 4.110000000 – 3.665000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down