DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

A descent down to the next support at 1.225 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.297 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.281 – 1.297 – 1.292 – 1.225 – 1.228 – 1.265 —
1.292000000 – 1.302000000 —
63.628289468097 – 67.012259470377 —
– —
1.281 – 1770845400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – – –