DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 0.804 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.868 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘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 probability of ‘Bearish Engulfing’ going down is 79%.

0.868 – 0.899 – 0.92 – 0.804 – 0.842 – 0.883 —
0.847000000 – 0.849000000 —
45.69795327443 – 45.180725760598 —
– —
0.868 – 1782496800

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –