DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 3.710000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 3.923000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. 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).

3.923000000 – 3.905000000 – 3.817000000 – 3.710000000 – 3.697000000 – 3.786000000 — 44.804993234651 – 42.212603700841

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