DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 3.688000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.908000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.970000000 |
| 2nd High | 3.960000000 |
| Next High | 3.908000000 |
| Current Price | 3.744000000 |
| Next Low | 3.688000000 |
| 2nd Low | 3.644000000 |
| 3rd Low | 3.570000000 |
3.908000000 – 3.960000000 – 3.970000000 – 3.786000000 – 3.830000000 – 4.044000000 — 39.776621206304 – 37.23875587932
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –