DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.633 is certain.
Caution: A possible change in the direction of the resistance level at 1.896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency 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 | 1.981 |
| 2nd High | 1.899 |
| Next High | 1.896 |
| Current Price | 1.553000000 |
| Next Low | 0.633 |
| 2nd Low | |
| 3rd Low |
1.896 – 1.899 – 1.981 – 1.652 – 1.846 – 1.828 —
1.667000000 – 1.626000000 —
31.768375679875 – 16.890568974738 —
– —
1.89600 – 1769598000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –