DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 6.871000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 7.152000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.678000000 |
| 2nd High | 7.592000000 |
| Next High | 7.152000000 |
| Current Price | 6.919000000 |
| Next Low | 6.871000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing