DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.291 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.291 – 1.355 – 1.353 – 1.235 – 1.248 – 1.285 —
1.263000000 – 1.265000000 —
45.435600350333 – 46.424229974405 —
– —
1.291 – 1776603600

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