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 1.221 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.288 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.288 – 1.287 – 1.276 – 1.221 – 1.247 – 1.27 —
1.251000000 – 1.264000000 —
37.181902593627 – 49.948493772607 —
– —
1.288 – 1774868400

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