DOT/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.458 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.681 is also possible.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The chart shows ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.681 – 1.651 – 1.683 – 1.458 – 1.547 – 1.522 —
1.622000000 – 1.573000000 —
53.761068752925 – 41.304614241032 —
– —
1.681 – 1772323200

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