DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 3.890000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 4.103000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.103000000 |
| Current Price | 3.963000000 |
| Next Low | 3.890000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.688000000 |
3.966000000 – 3.955000000 – 4.103000000 – 3.890000000 – 3.812000000 – 3.903000000 — 58.411203145605 – 55.595866285193
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top retreat up – –