DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 3.923000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.81 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 3.923000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

3.923000000 – 3.905000000 – 3.817000000 – 3.710000000 – 3.697000000 – 3.786000000 — 45.720609290709 – 44.425404940844

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern – –