DOT/USDT – 4H – SELL

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

A bearish trend down to the next support level at 5.473000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 10.500000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 7.0825 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 10.500000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download DOT/USDT Signal Image

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