DOT/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 3.863000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 4.309000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.958444 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 4.309000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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%.

4.309000000 – 4.206000000 – 4.131000000 – 3.863000000 – 3.894000000 – 4.279000000 — 30.383889977794 – 29.556089330162

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