DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.633 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.896 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.896 – 1.899 – 1.981 – 1.652 – 1.846 – 1.828 —
1.660000000 – 1.591000000 —
26.063089639822 – 19.06517364442 —
– —
1.89600 – 1769598000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –