DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support at 1.055 is expected.

Caution: A possible change in the direction of resistance at 1.206 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.206 – 1.204 – 1.234 – 1.055 – 1.125 – 1.157 —
1.117000000 – 1.128000000 —
51.170699231606 – 56.082768673798 —
– —
1.206 – 1780282800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – – –