DOT/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 2.227 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 2.376 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 2.227 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 2.376 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.376 – 2.39 – 2.371 – 2.227 – 2.274 – 2.293 — 46.281597176284 – 44.646922833271 — 89.48086609275 – 75.69080729637 – 94.642804155531 – 88.101044385698

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –