DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support at 1.522 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.752 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.4885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.752 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.752 – 1.398 – 1.364 – 1.522 – 1.225 – 1.26 —
1.584000000 – 1.666000000 —
49.384297514163 – 63.623037342777 —
– —
1.752 – 1772053200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –