DOT/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 4.673000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 3.84 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.673000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

4.673000000 – 4.624000000 – 4.196000000 – 3.800000000 – 3.323000000 – 3.308000000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –