DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 3.688000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 4.158000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.965 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 4.158000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.158000000 – 4.091000000 – 4.181000000 – 4.011000000 – 3.975000000 – 3.965000000 — 46.446158640179 – 42.728448860287

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern – –