DOT/USDT – 1H – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative 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 is certain. Current target is 1.2675 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.338 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative 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 – Symmetrical Triangle Chart Pattern – –