DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.

The bearish trend downwards to the next support at 3.560000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 3.707000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI cross above 20’ indicator layout is found. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 3.522772 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 3.707000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

3.707000000 – 3.757000000 – 3.654000000 – 3.587000000 – 3.670000000 – 3.560000000 — 40.74904543764 – 40.157542445592

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – – –