DOT/USDT – 1H – SELL

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

The bearish trend down to the next support line at 3.903000000 is likely expected.

Caution: A possible change in the direction of the resistance level at 4.103000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 3.817 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 4.103000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. this is a bearish 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’ heading down is 82%.

4.103000000 – 4.371000000 – 4.317000000 – 3.903000000 – 3.837000000 – 3.817000000 — 33.082186305434 – 31.9310254771

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –