DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 3.509000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 3.631000000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

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 3.446 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 3.631000000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

3.631000000 – 3.692000000 – 3.921000000 – 3.509000000 – 3.446000000 – 3.568000000 — 44.368790026417 – 40.07920776167

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – –