DOT/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.247 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.276 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.276 – 1.274 – 1.306 – 1.247 – 1.275 – 1.271 —
1.269000000 – 1.256000000 —
43.636191203348 – 35.943017318809 —
– —
1.276 – 1774782000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –