DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.197 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.222000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.222000000 – 1.226 – 1.259 – 1.197 – 1.179 – 1.225 —
1.222000000 – 1.217000000 —
59.500108227304 – 53.737414041784 —
1.222000000 – 1777550400 —
– 1777550400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –