DOT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 5.645000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 5.897000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 5.731366 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 5.897000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.

Download DOT/USDT Signal Image

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