DOT/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support line at is 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 layout is discovered. 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 through the Fibonacci 0.79-Level.Continuation of the current descending trend is 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’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish chart scenario. 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 – –