DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.525 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.579 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore 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.

Furthermore a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.579 – 1.654 – 1.64 – 1.525 – 1.539 – 1.582 —
1.543000000 – 1.538000000 —
34.492150748484 – 43.379263201813 —
– —
1.579 – 1773878400

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