Sell DOT/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.509 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.576 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 1.899
2nd High 1.896
Next High 1.576
Current Price 1.434000000
Next Low 1.509
2nd Low 1.452
3rd Low 1.399

1.576 – 1.536 – 1.56 – 1.509 – 1.452 – 1.399 —
1.537000000 – 1.526000000 —
43.900342493973 – 35.315279730088 —
– —
1.576 – 1770044400

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