DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish movement down to the next support at 3.755000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.146000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.146000000 |
| Current Price | 3.882000000 |
| Next Low | 3.755000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.856000000 – 3.815000000 – 4.146000000 – 3.755000000 – 3.689000000 – 3.853000000 — 64.962310000494 – 60.559800220752
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –