DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.

A descent downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 1.662 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.527 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.662 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.662 – 1.635 – 1.444 – 1.588 – 1.56 – 1.41 —
1.629000000 – 1.609000000 —
61.348603742645 – 46.294943822065 —
– —
1.662 – 1773696600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –