DOT/USDT – 4H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.979 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.795 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.979 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. 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 – –