DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 1.101 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.292 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.173216 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.292 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.292 – 1.345 – 1.393 – 1.265 – 1.277 – 1.101 —
1.257000000 – 1.252000000 —
28.481626643588 – 42.877461274363 —
– —
1.292 – 1770775200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Double top chart pattern – –