DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at is considered certain.

Caution: A possible change in the direction of resistance at 4.335000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

4.335000000 – 4.624000000 – 4.277000000 – 4.133000000 – 4.075000000 – 4.065000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern