DOT/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A bearish descent downwards to the next support at 3.755000000 is expected.

Caution: A possible change in the direction of the resistance line at 3.923000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 3.796852 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 3.923000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

3.923000000 – 3.856000000 – 3.815000000 – 3.755000000 – 3.689000000 – 3.853000000 — 61.844296074611 – 58.31174139667

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –