DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 3.894000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 4.136000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles show ‘Last Engulfing Top’. which 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.202000000 |
| Next High | 4.136000000 |
| Current Price | 3.937000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.000000000 – 4.355000000 — 44.373773626808 – 42.965506887072
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Triple top chart pattern –