DOT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 2.293 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 2.39 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K fall below 80’ indicator signal is discovered. The indicator shows ‘%K fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Three Black Crows’ candle pattern is found. The candles form ‘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%.

2.39 – 2.353 – 2.371 – 2.293 – 2.308 – 2.315 — 40.988493661181 – 40.492199797241 — 23.444788441692 – 0 – 43.223047582355 – 23.826108516391

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