DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 3.725000000 is expected.

Caution: A possible change in the direction of the resistance line at 3.804000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 3.737796 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 3.804000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

3.804000000 – 3.806000000 – 3.906000000 – 3.725000000 – 3.762000000 – 3.786000000 — 45.131221880236 – 44.915625122659

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Double bottom retreat down – –