DOT/USDT – 4H – SELL

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

A continuation of the downward movement downwards to the next support at 1.399 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.576 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.576 – 2.235 – 2.343 – 1.399 – 1.873 – 1.834 —
1.504000000 – 1.362000000 —
30.003847480398 – 20.754790016437 —
– —
1.576 – 1770033600

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