DOT/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A bearish descent downwards to the next support at 2.04 will continue.

Caution: A possible counter-trend in the direction of resistance at 2.16 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. which 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’ heading down is 68% (Bull Market) & 67% (Bear Market).

2.16 – 2.156 – 2.164 – 2.04 – 2.087 – 2.245 — 53.656568089375 – 49.876525229464 — 52.636273464574 – 39.819244977241 – 56.504414468677 – 48.191533925576

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –