DOT/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.221 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.287 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.287 – 1.276 – 1.306 – 1.221 – 1.247 – 1.27 —
1.279000000 – 1.273000000 —
56.596532618418 – 50.608684068387 —
– —
1.287 – 1774828800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –