DOT/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at 0.95 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.974 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The 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%.

0.974 – 0.972 – 0.982 – 0.95 – 0.947 – 0.94 —
0.969000000 – 0.966000000 —
58.641741125754 – 40.519976780977 —
– —
0.974 – 1781931600

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