DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 3.330000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 3.577000000 is within the realm of possibility.
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 will persist. Current target is 3.33 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 3.577000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

3.577000000 – 3.595000000 – 3.675000000 – 3.330000000 – 3.459000000 – 3.496000000

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