DOT/USDT – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish descent downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.673000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘RSI cross above 30’ indicator signal is discovered. The indicator is ‘RSI cross above 30’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.84 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 4.673000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

4.673000000 – 4.624000000 – 4.196000000 – 3.800000000 – 3.323000000 – 3.308000000

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