DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support at 4.075000000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 4.624000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

4.624000000 – 4.277000000 – 4.269000000 – 4.075000000 – 4.065000000 – 4.081000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern