DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 2.048 will continue.

Caution: A possible trend reversal in the direction of resistance at 2.130000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.03762 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 2.130000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which 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%.

2.130000000 – 2.144 – 2.249 – 2.048 – 2.112 – 2.096 — 49.510975411067 – 44.12455603184 — 47.753334474677 – 16.343622876286 – 47.215749702539 – 39.034879378568

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –