DOT/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A descent downwards to the next support level at 2.096 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 2.18 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides 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 signal. The pair is likely to go down.

Besides a ‘%K fall below 80’ indicator layout is found. The indicator is ‘%K fall below 80’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

2.18 – 2.033 – 1.845 – 2.096 – 1.968 – 1.762 — 42.457700302204 – 34.131607854946 — 14.342133505044 – 0.15883236746082 – 35.725119839737 – 15.727266223081

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –