DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 4.285000000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 4.387000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 4.285 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.387000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

4.387000000 – 4.463000000 – 4.416000000 – 4.285000000 – 4.320000000 – 4.322000000 — 34.399387668481 – 32.145470968619

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –