DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards

A descent downwards to the next support line at 2.141 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 2.235 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Last Engulfing Top’ candlestick pattern is existing. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

2.235 – 2.138 – 2.156 – 2.141 – 2.056 – 2.098 — 45.699039535973 – 39.587184943187 — 60.569364775866 – 60.569364775866 – 30.625798571635 – 49.480631130646

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Double top chart pattern – –