DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 4.136000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 4.387000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

4.387000000 – 4.463000000 – 4.416000000 – 4.236000000 – 4.285000000 – 4.320000000 — 27.592925815367 – 23.040974516033

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –