DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 3.963000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 4.682000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. this is a bearish 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.273000000 |
| 2nd High | 5.120000000 |
| Next High | 4.682000000 |
| Current Price | 4.248000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.112000000 – 4.058000000 – 3.992000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down