DOT/USDT – 1H – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at 4.038000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 4.207000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4.207000000 – 3.853000000 – 3.923000000 – 4.038000000 – 3.690000000 – 3.710000000 — 64.971070265995 – 63.167958273784

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double bottom retreat down – –