DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 3.782000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.885000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ chart pattern is found. The chart forms ‘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’ going down is 69% (Bull Market) & 70% (Bear Market).

3.825000000 – 3.885000000 – 3.894000000 – 3.782000000 – 3.797000000 – 3.775000000 — 61.474443548099 – 58.521772248413

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –