DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.

A descent downwards to the next support level at 8.604000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 10.359000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. 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