DOT/USDT – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A descent down to the next support level at 3.817000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.371000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 3.629016 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.371000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘On Neck’ candlestick chart pattern is existing. The chart forms ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

4.371000000 – 4.181000000 – 3.757000000 – 3.817000000 – 3.538000000 – 3.427000000 — 36.537885937313 – 35.900763434338

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –