DOT/USDT – 1H – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.329 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.398000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.398000000 – 1.364 – 1.372 – 1.26 – 1.3 – 1.338 —
1.398000000 – 1.367000000 —
71.652801716611 – 56.755323401886 —
1.398000000 – 1771671600 —
– 1771671600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double top chart pattern – –