DOT/USDT – 1H – SELL

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

A bearish descent downwards to the next support at 5.645000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 6.100000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 5.4165 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 6.100000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The 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%.

Download DOT/USDT Signal Image

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