DOT/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 6.654000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 7.152000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 6.654 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 7.152000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ chart pattern is found. The candles form ‘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 probability of ‘Three Black Crows’ going down is 82%.

Download DOT/USDT Signal Image

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