DOT/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 2.056 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 2.235 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Inside Down’ candle pattern is existing. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2.235 – 2.156 – 2.238 – 2.056 – 2.097 – 2.157 — 47.282847932008 – 45.105134566356 — 2.9528366370472 – 2.9528366370472 – 14.469103634552 – 6.8421045672436

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – Double top chart pattern – –