DOT/USDT – 30M – SELL

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

A bearish descent downwards to the next support at 3.837000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 4.103000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 3.903 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.103000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Southern Doji’ candlestick pattern is detected. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

4.103000000 – 4.371000000 – 4.317000000 – 3.903000000 – 3.916000000 – 4.170000000 — 26.091433098222 – 25.599606111491

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Southern Doji – Double top retreat up – –