DOT/USDT – 30M – SELL

Next a ‘Double bottom retreat down’ chart pattern is existing. The formation shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to fall.

The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish movement down to the next support level at 4.051000000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 4.143000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.

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

4.143000000 – 3.928000000 – 3.806000000 – 4.051000000 – 3.688000000 – 3.644000000 — 64.913815479405 – 55.711790195469

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down – –