DOT/USDT – 1H – SELL

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

A bearish trend down to the next support at 7.460000000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 7.988000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Harami’ candle pattern is found. The candles form ‘Bearish Harami’. 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 chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami