DOT/USDT – 1H – SELL

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

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

Caution: A possible trend reversal in the direction of resistance at 4.626000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4.176408 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 4.626000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

4.626000000 – 4.281000000 – 4.258000000 – 4.280000000 – 4.153000000 – 4.119000000 — 42.749540164494 – 36.650073496456

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – – –