DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 8.367000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 8.972000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The 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 | 8.401000000 |
| Next Low | 8.367000000 |
| 2nd Low | 8.347000000 |
| 3rd Low | 8.023000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing