DOT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 3.786000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.906000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

3.906000000 – 3.841000000 – 3.817000000 – 3.786000000 – 3.692000000 – 3.612000000 — 29.644564094702 – 29.644564094702

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