DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A descent down to the next support at 4.075000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 4.624000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

4.624000000 – 4.277000000 – 4.269000000 – 4.075000000 – 4.065000000 – 3.800000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down