DOT/USDT – 30M – SELL

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

A bearish trend downwards to the next support level at 3.560000000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 3.707000000 should always be considered.
Consider stop-loss settings accordingly.

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 3.56 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 3.707000000 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

3.707000000 – 3.757000000 – 3.654000000 – 3.560000000 – 3.587000000 – 3.670000000 — 43.78218139859 – 41.457940476013

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