DOT/USDT – 4H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support level at 3.690000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 4.193000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart 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 will continue. Current target is 3.69 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.193000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.

4.193000000 – 4.371000000 – 4.181000000 – 3.690000000 – 3.697000000 – 3.812000000 — 35.957151473837 – 34.371743252153

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –