DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

A bearish descent down to the next support line at 1.235000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.335 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ” indicator signal is discovered. The indicator is ”. which could be a negative chart scenario. The pair is likely to go down.

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

And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 1.30718 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.335 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.335 – 1.317 – 1.27 – 1.235000000 – 1.205 – 1.216 —
1.258000000 – 1.324000000 —
43.07438118722 – 70.823303879725 —
1.235000000 – 1775743200 —
1.335 – 1775624400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –