DOT/USDT – 1H – SELL

The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 0.928 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.96 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.96 – 0.996 – 1.001 – 0.928 – 0.949 – 0.884 —
0.925000000 – 0.950000000 —
32.667686287014 – 55.412078104307 —
– —
0.96 – 1781096400

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