DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 3.773000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 3.872000000 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The 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).

3.872000000 – 3.923000000 – 3.905000000 – 3.773000000 – 3.710000000 – 3.697000000 — 49.503829683905 – 47.568284418251

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double top retreat up – –