DOT/USDT – 30M – SELL

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

A bearish movement down to the next support at 6.654000000 is expected.

Caution: A possible change in the direction of the resistance level at 7.592000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.873136 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 7.592000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download DOT/USDT Signal Image

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