DOT/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.979 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.795 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.979 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 – –