DOT/USDT – 4H – SELL

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

A bearish movement downwards to the next support level at 2.056 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.343 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 2.022 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 2.343 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.343 – 1.928 – 1.854 – 2.056 – 2.022 – 2.048 — 37.885624315211 – 30.506480746233 — 45.017053684063 – 23.889174414802 – 54.626817632004 – 43.590981534261

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –