DOT/USDT – 30M – SELL

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

The bearish trend down to the next support line at 1.238 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.315 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.315 – 1.327 – 1.292 – 1.238 – 1.257 – 1.269 —
1.247000000 – 1.251000000 —
34.009427667111 – 38.555252839129 —
– —
1.315 – 1776855600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –