DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 8.532000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 8.972000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.204000000 |
| 2nd High | 9.173000000 |
| Next High | 8.972000000 |
| Current Price | 8.592000000 |
| Next Low | 8.532000000 |
| 2nd Low | 8.367000000 |
| 3rd Low | 8.347000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing