DOT/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The pair Polkadot/Tether (DOT/USDT) goes from the descending trendline down.

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

Caution: A possible counter-trend in the direction of the resistance level at 1.331 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency 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’ going down is 69% (Bull Market) & 70% (Bear Market).

1.331 – 1.325 – 1.334 – 1.29 – 1.286 – 1.269 —
1.334000000 – 1.312000000 —
61.901771779278 – 47.714452371797 —
– —
1.331 – 1778135400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –