DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 1.846 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.899 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candle chart pattern is found. The candles form ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.899 – 1.887 – 1.924 – 1.846 – 1.828 – 1.843 —
1.861000000 – 1.884000000 —
45.627218550251 – 54.496013284662 —
– —
1.89900 – 1769545800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – – –