DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 1.43 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.549 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The 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).

1.549 – 1.55 – 1.555 – 1.493 – 1.473 – 1.475 —
1.443000000 – 1.444000000 —
35.436134604939 – 43.831892861903 —
– —
1.549 – 1773406800

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