DOT/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.431 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.534 is within the realm of possibility.
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 existing. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.534 – 1.566 – 1.55 – 1.501 – 1.431 – 1.51 —
1.513000000 – 1.500000000 —
46.077438883429 – 39.539727453059 —
– —
1.534 – 1770175800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –