DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 3.235000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.326000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Inside Down’ candlestick pattern is detected. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.577000000 |
| 2nd High | 3.508000000 |
| Next High | 3.326000000 |
| Current Price | 3.271000000 |
| Next Low | 3.235000000 |
| 2nd Low | 3.209000000 |
| 3rd Low |
3.326000000 – 3.508000000 – 3.577000000 – 3.235000000 – 3.209000000 – 3.330000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Inside Down