DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 8.772000000 is certain.
Caution: A possible change in the direction of the resistance zone at 9.669000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.928000000 |
| 2nd High | 9.920000000 |
| Next High | 9.669000000 |
| Current Price | 9.072000000 |
| Next Low | 8.772000000 |
| 2nd Low | 7.590000000 |
| 3rd Low | 7.500000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing