The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.828 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.874 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.895 |
| 2nd High | 0.887 |
| Next High | 0.874 |
| Current Price | 0.853000000 |
| Next Low | 0.828 |
| 2nd Low | 0.825 |
| 3rd Low | 0.821 |
0.874 – 0.869 – 0.86 – 0.828 – 0.838 – 0.825 —
0.866000000 – 0.857000000 —
51.922453723268 – 51.805629289918 —
– —
0.874 – 1784235600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –