DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support level at 6.537000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 7.109000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 6.537 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 7.109000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download DOT/USDT Signal Image

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