DOT/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.473 will persist.

Caution: A possible change in the direction of the resistance line at 1.557 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.557 – 1.522 – 1.603 – 1.473 – 1.498 – 1.504 —
1.532000000 – 1.538000000 —
57.857836076865 – 57.825052413272 —
– —
1.557 – 1772553600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –