DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 3.710000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.923000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

3.923000000 – 3.908000000 – 4.193000000 – 3.710000000 – 3.697000000 – 3.830000000 — 50.378538034376 – 44.111286411101

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – – –