DOT/USDT – 1H – SELL

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

A bearish descent down to the next support at 3.837000000 will persist.

Caution: A possible change in the direction of the resistance level at 4.234000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 4.069744 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 4.234000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

4.234000000 – 4.158000000 – 4.181000000 – 3.837000000 – 3.817000000 – 3.965000000 — 58.387242021003 – 57.355016501598

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Triple bottom chart pattern – –