DOT/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 1.289 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.289 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.34 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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%.

1.34 – 1.339 – 1.438 – 1.289 – 1.313 – 1.314 —
1.311000000 – 1.326000000 —
38.97774380444 – 47.866034614037 —
– —
1.34 – 1778844600

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