DOT/USDT – 1H – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.2675 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.338 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.338 – 1.334 – 1.296 – 1.293 – 1.29 – 1.286 —
1.312000000 – 1.315000000 —
48.735841290996 – 47.061315877909 —
– —
1.338 – 1778158800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –