DOT/USDT – 1H – SELL

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.473 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 1.556 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.556 – 1.574 – 1.557 – 1.482 – 1.508 – 1.473 —
1.532000000 – 1.502000000 —
48.030261467853 – 41.351842632315 —
– —
1.556 – 1772740800

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