DOT/USDT – 1H – SELL

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

A descent downwards to the next support level at 5.473000000 is expected.

Caution: A possible change in the direction of resistance at 6.271000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download DOT/USDT Signal Image

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