DOT/USDT – 30M – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A bearish trend down to the next support line at 1.29 is expected.

Caution: A possible change in the direction of the resistance level at 1.334 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart 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 expected. Current target is 1.306394 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 1.334 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.331 – 1.325 – 1.334 – 1.29 – 1.286 – 1.269 —
1.324000000 – 1.334000000 —
52.768034333331 – 61.901771475339 —
– —
1.331 – 1778135400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – – –