DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 4.165000000 is considered certain.

Caution: A possible change in the direction of resistance at 4.554000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘On Neck’ chart pattern is existing. The candles show ‘On Neck’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

4.554000000 – 4.673000000 – 4.587000000 – 4.279000000 – 4.381000000 – 4.165000000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – On Neck – Triple top chart pattern –