DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 5.645000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 6.080000000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.147000000 |
| 2nd High | 6.100000000 |
| Next High | 6.080000000 |
| Current Price | 5.581000000 |
| 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