DOT/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support at is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.979 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.795 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.979 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.979 – 0.976 – 1.043 – 0.795 – 0.804 – 0.94 —
0.842000000 – 0.868000000 —
49.77076239297 – 57.37622397352 —
– —
0.979 – 1782129600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –