DOT/USDT – 1H – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. 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 will persist. Target of the current trend is 1.2675 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.338 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going 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 – – –