DOT/USDT – 30M – SELL

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

A bearish descent downwards to the next support line at 4.011000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 4.158000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘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 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 4.015976 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 4.158000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.158000000 – 4.091000000 – 4.181000000 – 4.011000000 – 3.975000000 – 3.965000000 — 40.705287533635 – 39.458138728569

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