DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 4.144000000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 4.258000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 4.131 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 4.258000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative signal. 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).

4.258000000 – 4.209000000 – 4.154000000 – 4.144000000 – 4.054000000 – 4.030000000 — 46.38493704579 – 42.219989695316

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –