DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.

A descending movement downwards to the next support line at 3.560000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.654000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.654000000 – 3.666000000 – 3.618000000 – 3.560000000 – 3.459000000 – 3.427000000 — 67.102892338095 – 62.602500688066

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –