DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 3.800000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 4.624000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.389000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.624000000 – 4.196000000 – 4.110000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down –