DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 8.587000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 9.173000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.669000000 |
| 2nd High | 9.264000000 |
| Next High | 9.173000000 |
| Current Price | 8.612000000 |
| Next Low | 8.587000000 |
| 2nd Low | 8.367000000 |
| 3rd Low | 8.347000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing