DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 3.389000000 will continue.

Caution: A possible change in the direction of the resistance line at 3.595000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 3.459 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 3.595000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘On Neck’ candle pattern is existing. The chart shows ‘On Neck’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

3.595000000 – 3.675000000 – 3.786000000 – 3.459000000 – 3.496000000 – 3.554000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – On Neck