DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 7.102000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 7.735000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.735000000 |
| Current Price | 7.548000000 |
| Next Low | 7.102000000 |
| 2nd Low | 6.520000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing