DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 8.772000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 9.669000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which 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 Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.928000000 |
| 2nd High | 9.920000000 |
| Next High | 9.669000000 |
| Current Price | 8.977000000 |
| 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