DOT/USDT – 30M – SELL

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.2545 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.264 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.264 – 1.288 – 1.287 – 1.226 – 1.233 – 1.26 —
1.259000000 – 1.276000000 —
58.736479271162 – 58.562474591675 —
– —
1.264 – 1774920600

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