DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

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

Caution: A possible reversal of the trend in the direction of the resistance level at 4.626000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 4.176408 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 4.626000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Double top chart pattern – –