DOT/USDT – 30M – SELL

The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards

A descent down to the next support line at 0.95 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.995 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.995 – 0.972 – 0.975 – 0.976 – 0.95 – 0.946 —
0.985000000 – 0.972000000 —
52.480283862673 – 38.572283959523 —
– —
0.995 – 1781335800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –