DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 5.645000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 6.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.147000000 |
| 2nd High | 6.100000000 |
| Next High | 6.080000000 |
| Current Price | 5.703000000 |
| Next Low | 5.645000000 |
| 2nd Low | 5.631000000 |
| 3rd Low | 5.304000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing