Also there is a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support at 3.923000000 will persist.
Caution: A possible change in the direction of the resistance line at 4.193000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.978000000 |
| Next Low | 3.923000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.538000000 |
4.193000000 – 3.997000000 – 4.103000000 – 3.923000000 – 3.812000000 – 3.903000000 — 49.349689568504 – 40.027781354054
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down – –