DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support line at 1.286 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.334 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Tweezers Top’ candlestick pattern is discovered. The candles form ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.334 – 1.296 – 1.245 – 1.286 – 1.269 – 1.205 —
1.312000000 – 1.311000000 —
48.449404521892 – 53.309490693477 —
– —
1.334 – 1778056200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – – –