DOT/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 3.894000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.202000000 should always be considered.
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 is certain. Target of the current trend is 3.894 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 4.202000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

4.202000000 – 4.554000000 – 4.498000000 – 3.894000000 – 4.000000000 – 4.355000000 — 47.272979969917 – 46.068017516116

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