DOT/USDT – 1H – SELL

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

A bearish descent down to the next support level at 1.834 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 2.198 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.920456 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 2.198 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish signal. 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).

2.198 – 2.235 – 2.156 – 1.834 – 2.056 – 2.097 —
1.977000000 – 2.064000000 —
33.969470129501 – 54.067945298364 —
– —
2.19800 – 1768773600

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