DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish descent downwards to the next support level at 6.763000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 7.270000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 6.393488 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 7.270000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern 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’ heading down is 82%.

Download DOT/USDT Signal Image

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