DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 4.512000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 4.882000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4.882000000 – 4.595000000 – 4.295000000 – 4.512000000 – 4.136000000 – 4.151000000 — 42.441353822969 – 42.325831658826

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –