DOT/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 3.427000000 is likely expected.

Caution: A possible change in the direction of the resistance level at 3.666000000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator is ‘StochRSI cross above 20’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.427 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 3.666000000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.666000000 – 3.921000000 – 4.084000000 – 3.427000000 – 3.446000000 – 3.626000000 — 55.521049960493 – 53.549478013131

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –