DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 3.725000000 is expected.

Caution: A possible change in the direction of resistance at 3.906000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.759 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 3.906000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

3.906000000 – 3.887000000 – 3.875000000 – 3.725000000 – 3.692000000 – 3.612000000 — 47.511252511087 – 47.323100622497

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