DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 3.894000000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 4.136000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.279000000 – 4.381000000 — 38.320626696554 – 37.963519471916

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – –