DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.681 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.681 – 1.651 – 1.683 – 1.458 – 1.547 – 1.522 —
1.604000000 – 1.578000000 —
52.702604125086 – 41.190363457167 —
– —
1.681 – 1772323200

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