DOT/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 3.796000000 is certain.

Caution: A possible change in the direction of the resistance level at 4.067000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

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

4.067000000 – 4.012000000 – 4.065000000 – 3.796000000 – 3.828000000 – 3.332000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern