DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 3.710000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.905000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Inside Down’ candlestick pattern is existing. The candles form ‘Three Inside Down’. which is a negative pattern 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.960000000 |
| 2nd High | 3.908000000 |
| Next High | 3.905000000 |
| Current Price | 3.872000000 |
| Next Low | 3.710000000 |
| 2nd Low | 3.697000000 |
| 3rd Low | 3.688000000 |
3.905000000 – 3.817000000 – 3.908000000 – 3.710000000 – 3.697000000 – 3.786000000 — 54.711380430412 – 52.086250933577
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – – –