DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 3.735000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 3.991000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 3.991000000 |
| Current Price | 3.747000000 |
| Next Low | 3.735000000 |
| 2nd Low | 3.716000000 |
| 3rd Low | 3.709000000 |
3.991000000 – 3.834000000 – 3.859000000 – 3.735000000 – 3.754000000 – 3.716000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows