DOT/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1.473 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.556 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ” indicator layout is existing. The indicator shows ”. this is usually a bearish chart scenario. The currency pair could go down.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Two Crows’ chart pattern is found. The candles form ‘Two 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.556 – 1.574 – 1.557 – 1.482 – 1.508 – 1.473 —
1.492000000 – 1.481000000 —
37.297267637483 – 38.108626130276 —
– —
1.556 – 1772740800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –