DOT/USDT – 1H – SELL

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

A descent down to the next support line at 3.626000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 3.921000000 is also possible.
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 considered certain. Current target is 3.626 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 3.921000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick pattern is detected. 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’ going down is 82%.

3.921000000 – 4.084000000 – 4.309000000 – 3.626000000 – 3.820000000 – 3.905000000 — 42.149698590373 – 41.44672592609

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