DOT/USDT – 30M – SELL

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

The bearish trend downwards to the next support at 1.244 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.347 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.283 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.347 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.347 – 1.309 – 1.293 – 1.244 – 1.241 – 1.224 —
1.337000000 – 1.323000000 —
59.956542826344 – 52.063193525111 —
– —
1.347 – 1779454800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –