DOT/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 3.389000000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 3.595000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart 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 is considered certain. Target of the current trend is 3.496 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 3.595000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

3.595000000 – 3.675000000 – 3.786000000 – 3.496000000 – 3.554000000 – 3.572000000

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