DOT/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 3.848000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 3.923000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Southern Doji’ candle pattern is existing. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

3.923000000 – 3.856000000 – 3.815000000 – 3.848000000 – 3.755000000 – 3.689000000 — 44.30954239781 – 43.757116341704

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –