DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A bearish trend down to the next support line at 1.227 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.262 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.262 – 1.25 – 1.254 – 1.227 – 1.212 – 1.238 —
1.262000000 – 1.263000000 —
58.167893972336 – 59.821202861297 —
– —
1.262 – 1777032000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – – –