DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support level at 1.197 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.263 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Shooting Star’ candle chart pattern is existing. The chart forms ‘Shooting Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1.263 – 1.241 – 1.229 – 1.197 – 1.204 – 1.195 —
1.247000000 – 1.243000000 —
58.787711635137 – 56.728202192977 —
– —
1.263 – 1777867200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –