DOT/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.399 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.566 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Southern Doji’ candle chart pattern is detected. The candles form ‘Southern Doji’. this 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 chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.566 – 1.576 – 1.536 – 1.425 – 1.431 – 1.509 —
1.461000000 – 1.399000000 —
38.673020517691 – 26.853918073736 —
– —
1.566 – 1770148800

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