DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 3.786000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 3.960000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 3.786 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3.960000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.960000000 – 3.970000000 – 4.193000000 – 3.786000000 – 3.830000000 – 4.044000000 — 46.512782858912 – 34.911094477006

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –