DOT/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support level at 3.817000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 4.181000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart 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 likely expected. Current target is 3.721056 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 4.181000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

4.181000000 – 3.757000000 – 4.309000000 – 3.817000000 – 3.538000000 – 3.427000000 — 45.457953301323 – 44.112438993065

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