DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 8.406000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 9.359000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 10.500000000 |
| Next High | 9.359000000 |
| Current Price | 8.520000000 |
| Next Low | 8.406000000 |
| 2nd Low | 8.042000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing