DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descent down to the next support at 5.473000000 will continue.
Caution: A possible change in the direction of resistance at 6.080000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. 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 | 6.147000000 |
| 2nd High | 6.100000000 |
| Next High | 6.080000000 |
| Current Price | 5.829000000 |
| Next Low | 5.473000000 |
| 2nd Low | 5.304000000 |
| 3rd Low | 4.686000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing