DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards

A descent downwards to the next support level at 3.446000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 3.921000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.921000000 – 4.084000000 – 4.309000000 – 3.446000000 – 3.626000000 – 3.820000000 — 34.462734680993 – 32.626805976337

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