DOT/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downward movement downwards to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.587000000 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 4.3495 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 4.587000000 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

4.587000000 – 4.454000000 – 4.624000000 – 4.381000000 – 4.165000000 – 4.133000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern