DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards

A descending movement down to the next support level at 3.663000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 3.991000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

3.991000000 – 3.834000000 – 3.859000000 – 3.663000000 – 3.735000000 – 3.754000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low