DOT/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards

A bearish movement down to the next support level at 4.212000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 4.334000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 4.1485 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 4.334000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.

4.334000000 – 4.317000000 – 4.309000000 – 4.212000000 – 4.097000000 – 3.963000000

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