DOT/USDT – 4H – SELL

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

A bearish descent down to the next support at 3.323000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 4.110000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 3.849692 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 4.110000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4.110000000 – 3.665000000 – 3.465000000 – 3.323000000 – 3.308000000 – 3.007000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Two Crows – Double bottom retreat down