DOT/USDT – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4.0345 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 4.269000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

4.269000000 – 4.144000000 – 4.123000000 – 4.081000000 – 3.839000000 – 3.800000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down