DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.235 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.295 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.295 – 1.28 – 1.291 – 1.235 – 1.248 – 1.285 —
1.281000000 – 1.292000000 —
55.316805842753 – 56.355887496193 —
– —
1.295 – 1776718800

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