DOT/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 1.43 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.52 is also possible.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.52 – 1.485 – 1.556 – 1.43 – 1.425 – 1.482 —
1.513000000 – 1.510000000 —
61.920965404293 – 62.015170726762 —
– —
1.52 – 1773032400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – – –