DOT/USDT – 30M – SELL

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

A bearish descent down to the next support level at 3.688000000 will persist.

Caution: A possible change in the direction of resistance at 3.908000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 3.786 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 3.908000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

3.908000000 – 3.960000000 – 3.970000000 – 3.786000000 – 3.830000000 – 4.044000000 — 34.110500412578 – 30.983324670114

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –