DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 3.690000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 4.283000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 3.816902 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 4.283000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency 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%.

4.283000000 – 4.265000000 – 4.185000000 – 4.013000000 – 4.120000000 – 4.038000000 — 31.146151317787 – 30.181445673415

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