DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 3.890000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 3.997000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.103000000 |
| Next High | 3.997000000 |
| Current Price | 4.016000000 |
| Next Low | 3.890000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.688000000 |
3.997000000 – 3.966000000 – 3.955000000 – 3.890000000 – 3.812000000 – 3.903000000 — 67.658156198483 – 63.344616128992
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –