DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.

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

Caution: A possible counter-trend in the direction of the resistance zone at 2.344 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 2.1805 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 2.344 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Top’. which 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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

2.344 – 2.4 – 2.331 – 2.245 – 2.241 – 1.961 — 51.038727544053 – 46.380211180975 — 99.12348543439 – 87.533354680329 – 96.270695608045 – 95.26010851637

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –