The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.895 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Last Engulfing Bottom:’ candle pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979 |
| 2nd High | 0.908 |
| Next High | 0.895 |
| Current Price | 0.846000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.895 – 0.908 – 0.9 – 0.825 – 0.815 – 0.795 —
0.851000000 – 0.862000000 —
50.815079766188 – 50.044870327351 —
– —
0.895 – 1783670400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Bottom: – – –