DOT/USDT – 1H – SELL

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

The bearish trend down to the next support at 3.837000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 4.158000000 should always be considered.
Consider stop-loss settings accordingly.

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

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

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

4.158000000 – 4.181000000 – 3.696000000 – 3.837000000 – 3.817000000 – 3.965000000 — 70.885745400685 – 66.305805035523

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –