DOT/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 3.560000000 is likely expected.

Caution: A possible change in the direction of resistance at 3.666000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI cross above 20’ indicator signal is found. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.5595 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 3.666000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

3.666000000 – 3.618000000 – 3.631000000 – 3.560000000 – 3.459000000 – 3.427000000 — 52.140196249114 – 49.549202053258

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern – –