DOT/USDT – 30M – SELLAlso there is a ‘Double bottom retreat down’ chart pattern is detected. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. 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 likely expected. Target of the current trend is 2.3265 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 2.371 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.371 |
| Current Price | 2.342000000 |
| Next Low | 2.308 |
| 2nd Low | 2.256 |
| 3rd Low | 2.176 |
2.353 – 2.371 – 2.316 – 2.308 – 2.315 – 2.256 — 53.793651120281 – 44.007784489926 — 41.541819039755 – 18.125516102395 – 57.06772831276 – 40.891697556658
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double bottom retreat down – –