DOT/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support level at 1.286 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.334 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.2645 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.334 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.334 – 1.296 – 1.263 – 1.286 – 1.197 – 1.204 —
1.316000000 – 1.322000000 —
54.492080696521 – 51.710377800089 —
– —
1.334 – 1778054400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –