DOT/USDT – 4H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.903 will persist.

Caution: A possible change in the direction of the resistance zone at 0.995000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘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’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.995000000 – 1.206 – 1.308 – 0.903 – 0.884 – 1.176 —
0.995000000 – 0.974000000 —
58.663242756534 – 49.852398092567 —
0.995000000 – 1781323200 —
– 1781323200

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