DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support at 3.863000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 4.554000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

4.206000000 – 4.131000000 – 4.136000000 – 3.863000000 – 3.894000000 – 4.279000000 — 50.429295426565 – 47.331946517231

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –