DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 3.732000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 4.021000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.712 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 4.021000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

3.825000000 – 4.021000000 – 3.934000000 – 3.732000000 – 3.712000000 – 3.874000000 — 54.538558205333 – 51.450308845347

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –