DOT/USDT – 4H – SELL

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

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

A bearish movement downwards to the next support at 3.817000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 4.371000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. 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 line at 4.371000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘On Neck’ chart pattern is discovered. The candles show ‘On Neck’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading 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 – –