DOT/USDT – 4H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 3.689000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 4.021000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 3.689 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 4.021000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

4.021000000 – 4.283000000 – 4.193000000 – 3.689000000 – 3.690000000 – 3.697000000 — 45.255462655296 – 44.604700613083

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