DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 6.871000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 7.152000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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