DOT/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.533 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.453034 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.533 could occur.
Consider stop-loss settings accordingly.

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

1.533 – 1.52 – 1.485 – 1.43 – 1.425 – 1.482 —
1.518000000 – 1.506000000 —
51.428261340251 – 46.479171145924 —
– —
1.533 – 1773082800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –