DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 1.482 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.556 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.50082 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.556 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

1.556 – 1.574 – 1.557 – 1.482 – 1.508 – 1.473 —
1.533000000 – 1.547000000 —
49.598816300762 – 56.063187374562 —
– —
1.556 – 1772740800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Symmetrical Triangle Chart Pattern – –