DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 8.347000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 8.652000000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 8.347 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 8.652000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download DOT/USDT Signal Image

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