DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.675 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.748 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.896 |
| 2nd High | 1.889 |
| Next High | 1.748 |
| Current Price | 1.707000000 |
| Next Low | 1.675 |
| 2nd Low | 0.633 |
| 3rd Low |
1.748 – 1.889 – 1.896 – 1.675 – 1.697 – 1.831 —
1.709000000 – 1.717000000 —
36.419742797471 – 44.987988600049 —
– —
1.74800 – 1769734800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –