Then a ‘Double bottom retreat down’ chart layout is discovered. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support level at 3.732000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 3.825000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.005000000 |
| 2nd High | 3.914000000 |
| Next High | 3.825000000 |
| Current Price | 3.811000000 |
| Next Low | 3.732000000 |
| 2nd Low | 3.712000000 |
| 3rd Low | 3.689000000 |
3.825000000 – 3.914000000 – 4.005000000 – 3.732000000 – 3.712000000 – 3.750000000 — 55.608714125078 – 46.502260312295
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down – –