DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.228 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.275 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.275 – 1.274 – 1.274 – 1.228 – 1.252 – 1.255 —
1.237000000 – 1.221000000 —
34.84355702113 – 32.382463014194 —
– —
1.275 – 1777251600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –