DOT/USDT – 4H – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 1.225 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.44 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.101 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 1.44 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ chart pattern is existing. The candles show ‘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 success rate of a ‘Three Black Crows’ going down is 82%.

1.44 – 1.576 – 2.235 – 1.225 – 1.101 – 1.399 —
1.366000000 – 1.380000000 —
50.814374101088 – 55.481242139978 —
– —
1.44 – 1771099200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top retreat up – –