DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 6.763000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 7.270000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.270000000 |
| Current Price | 6.765000000 |
| Next Low | 6.763000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing