DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.291 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

There is also a ‘Collapsing Doji Star’ candle pattern is existing. The chart forms ‘Collapsing Doji Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.291 – 1.355 – 1.353 – 1.235 – 1.248 – 1.285 —
1.242000000 – 1.268000000 —
28.862041862632 – 47.171194864082 —
– —
1.291 – 1776603600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –