DOT/USDT – 4H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.

A bearish descent down to the next support line at 3.800000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 4.624000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Last Engulfing Top’ candle pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

4.624000000 – 4.196000000 – 4.110000000 – 3.800000000 – 3.323000000 – 3.308000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern