DOT/USDT – 1H – SELL

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

A bearish movement downwards to the next support line at 4.165000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 4.554000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 4.133 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 4.554000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.554000000 – 4.673000000 – 4.587000000 – 4.279000000 – 4.381000000 – 4.165000000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double top chart pattern –