DOT/USDT – 1H – SELL

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

The bearish trend down to the next support level at 3.830000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 4.193000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 3.812 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 4.193000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4.193000000 – 3.997000000 – 4.103000000 – 3.830000000 – 3.923000000 – 3.812000000 — 35.759580239323 – 34.897547037796

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Double top chart pattern – –