DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards

A descent down to the next support line at 8.002000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 11.649000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing