DOT/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish descent downwards to the next support at 1.293 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.338 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Belt Hold’ chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.338 – 1.331 – 1.325 – 1.293 – 1.29 – 1.286 —
1.312000000 – 1.313000000 —
47.714452312475 – 46.989422712335 —
– —
1.338 – 1778158800

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