DOT/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 4.133000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 4.624000000 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.624000000 – 4.277000000 – 4.269000000 – 4.133000000 – 4.075000000 – 4.065000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern