DOT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 3.587000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 3.757000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The 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%.

3.757000000 – 3.654000000 – 3.666000000 – 3.587000000 – 3.670000000 – 3.560000000 — 35.011561893125 – 31.752265898181

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