DOT/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support at 4.113000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 4.195000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.195000000 – 4.131000000 – 4.077000000 – 4.113000000 – 4.084000000 – 3.900000000 — 51.645571645327 – 46.549385677777

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