DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.765 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.889 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.899 |
| 2nd High | 1.896 |
| Next High | 1.889 |
| Current Price | 1.813000000 |
| Next Low | 1.765 |
| 2nd Low | 1.762 |
| 3rd Low | 1.735 |
1.889 – 1.896 – 1.899 – 1.831 – 1.846 – 1.828 —
1.875000000 – 1.829000000 —
53.283195292157 – 30.843419093696 —
– —
1.88900 – 1769639400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – Head and Shoulder chart pattern – –