DOT/USDT – 1H – SELL

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

A bearish trend downwards to the next support level at 3.817000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 4.158000000 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

4.158000000 – 4.181000000 – 3.696000000 – 3.817000000 – 3.965000000 – 3.538000000 — 67.960244397234 – 67.20873800725

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Double bottom chart pattern – –