DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 3.905000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 4.084000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.905 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 4.084000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

4.084000000 – 4.309000000 – 4.218000000 – 3.905000000 – 4.115000000 – 4.113000000 — 43.598917978053 – 41.74030487219

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – –