DOT/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downtrend down to the next support line at 1.338 will continue.

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

Additionally a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.381 – 1.391 – 1.44 – 1.338 – 1.34 – 1.332 —
1.363000000 – 1.346000000 —
51.845082392099 – 43.144360203286 —
– —
1.381 – 1771344000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –