DOT/USDT – 30M – SELL

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

A bearish descent down to the next support line at 4.153000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 4.626000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 4.254222 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 4.626000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.626000000 – 4.281000000 – 4.244000000 – 4.363000000 – 4.417000000 – 4.153000000 — 35.526281106512 – 34.74111652058

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –