DOT/USDT – 4H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 3.690000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 4.371000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 4.0305 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 4.371000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

4.193000000 – 4.371000000 – 4.181000000 – 3.690000000 – 3.697000000 – 3.812000000 — 60.494955026024 – 54.217595454354

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