DOT/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support line at 1.425 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.681 could happen.
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 discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.681 – 1.752 – 1.398 – 1.425 – 1.473 – 1.458 —
1.510000000 – 1.527000000 —
53.221613057118 – 53.691914320914 —
– —
1.681 – 1772323200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –