DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 3.313000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 3.390000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.567000000 |
| 2nd High | 3.395000000 |
| Next High | 3.390000000 |
| Current Price | 3.312000000 |
| Next Low | 3.313000000 |
| 2nd Low | 3.274000000 |
| 3rd Low | 3.271000000 |
3.390000000 – 3.395000000 – 3.567000000 – 3.313000000 – 3.499000000 – 3.366000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down – Double top chart pattern