DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.

A descent downwards to the next support level at 7.584000000 will persist.

Caution: A possible change in the direction of resistance at 7.988000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing