DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 2.293 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 2.39 could be enabled.
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 shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 2.2865 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 2.39 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The 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).

2.39 – 2.371 – 2.397 – 2.293 – 2.308 – 2.256 — 42.921371697808 – 42.519565603947 — 42.77545881556 – 27.635715782855 – 51.139901924402 – 43.80400881057

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