DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 4.236000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 4.387000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Inside Down’ candlestick pattern is found. The candles form ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

4.387000000 – 4.463000000 – 4.416000000 – 4.236000000 – 4.285000000 – 4.320000000 — 29.566574280982 – 27.628115524123

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