DOT/USDT – 1H – SELL

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

A bearish movement downwards to the next support line at 3.863000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 4.309000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘RSI fall below 70’ indicator layout is found. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 4.086 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 4.309000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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’ heading down is 82%.

4.309000000 – 4.206000000 – 4.131000000 – 3.863000000 – 3.894000000 – 4.279000000 — 39.622363567433 – 32.265324213192

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down –