DOT/USDT – 1H – SELL

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

A descending movement downwards to the next support line at 1.197 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.334 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.334 – 1.296 – 1.263 – 1.286 – 1.197 – 1.204 —
1.303000000 – 1.324000000 —
52.141843328819 – 56.459147104433 —
– —
1.334 – 1778054400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –