DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support level at 3.538000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.757000000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern 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).

3.757000000 – 3.666000000 – 3.921000000 – 3.538000000 – 3.427000000 – 3.446000000 — 50.214698042759 – 46.609673299265

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –