DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 2.343 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 3.34 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.439 |
| 2nd High | 4.291 |
| Next High | 3.34 |
| Current Price | 2.345000000 |
| Next Low | 2.343 |
| 2nd Low | 0.633 |
| 3rd Low |
3.34 – 3.016 – 3.247 – 2.617 – 2.749 – 2.343 — 26.771365532734 – 24.475042049751 — 4.7594735647833 – 2.0970425837683 – 15.825832639992 – 5.1546781635277
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Triple top chart pattern – –