DOT/USDT – 4H – SELL

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

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

Caution: A possible change in the direction of the resistance line at 0.979 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative 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. Current target is 0.795 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.979 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going 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 – –