The currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.895 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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 | 0.979 |
| 2nd High | 0.908 |
| Next High | 0.895 |
| Current Price | 0.849000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.895 – 0.908 – 0.9 – 0.828000000 – 0.825 – 0.815 —
0.842000000 – 0.854000000 —
45.697291188303 – 49.910539945585 —
0.828000000 – 1784188800 —
0.895 – 1783670400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –