DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 4.097000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.598000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.598000000 |
| Current Price | 4.226000000 |
| Next Low | 4.097000000 |
| 2nd Low | 3.963000000 |
| 3rd Low | 3.868000000 |
4.215000000 – 4.077000000 – 4.112000000 – 4.097000000 – 3.963000000 – 3.977000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows