DOT/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support at 4.113000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 4.195000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

4.195000000 – 4.131000000 – 4.077000000 – 4.113000000 – 4.084000000 – 3.900000000 — 51.645571645327 – 46.549385677777

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –