DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descent down to the next support level at 7.590000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 9.212000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.920000000 |
| 2nd High | 9.669000000 |
| Next High | 9.212000000 |
| Current Price | 8.509000000 |
| Next Low | 7.590000000 |
| 2nd Low | 7.500000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing