DOT/USDT – 1H – SELL

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

A bearish movement down to the next support level at 5.631000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 6.100000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke 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 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. 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