DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support level at 6.871000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 7.592000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Last Engulfing Bottom:’ candle pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. 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 ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.802000000 |
| 2nd High | 7.678000000 |
| Next High | 7.592000000 |
| Current Price | 6.993000000 |
| Next Low | 6.871000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Bottom: