DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.

A continuation of the downtrend down to the next support level at 5.631000000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 6.100000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 5.4165 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 6.100000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows