DOT/USDT – 1H – SELL

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

The bearish trend down to the next support at 3.323000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.084000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 3.82 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 4.084000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

4.084000000 – 4.309000000 – 4.206000000 – 3.820000000 – 3.905000000 – 3.863000000 — 26.078001748313 – 25.30124622229

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – –