DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 2.112 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 2.242 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.1795 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 2.242 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.242 – 2.263 – 2.246 – 2.112 – 2.179 – 2.182 — 50.975051368754 – 44.123747609716 — 55.929168870562 – 35.313602247783 – 75.120244452074 – 57.797367438186

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –