DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A descending movement down to the next support level at 2.022 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 2.343 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Then a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

2.343 – 2.153 – 2.12 – 2.157 – 2.022 – 2.084 — 36.629334918924 – 34.034880551639 — 25.340758692999 – 8.135237800581 – 55.161369795516 – 29.915719876015

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Head and Shoulder chart pattern – –