DOT/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 3.560000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 3.618000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Top’ candle chart pattern is existing. The chart shows ‘Last Engulfing Top’. 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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

3.618000000 – 3.631000000 – 3.692000000 – 3.560000000 – 3.459000000 – 3.427000000 — 57.66119741696 – 53.763024878445

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –