DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 5.955000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 9.359000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 10.500000000 |
| Next High | 9.359000000 |
| Current Price | 7.824000000 |
| Next Low | 5.955000000 |
| 2nd Low | 5.560000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing