DOT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 6.810000000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 7.152000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 6.81 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 7.152000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows