DOT/USDT – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish descent down to the next support at 1.332 is expected.

Caution: A possible change in the direction of the resistance level at 1.381 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.331 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 1.381 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Shooting Star’ chart pattern is existing. The candles form ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1.381 – 1.391 – 1.44 – 1.338 – 1.34 – 1.332 —
1.367000000 – 1.372000000 —
51.845082534613 – 51.994240053906 —
– —
1.381 – 1771344000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –