DOT/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.473 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.546 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.520106 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 1.546 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.546 – 1.533 – 1.52 – 1.473 – 1.43 – 1.425 —
1.495000000 – 1.555000000 —
47.558271122742 – 62.946917387971 —
– —
1.546 – 1773154800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –