DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 7.540000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 7.735000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish pattern 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 | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.735000000 |
| Current Price | 7.707000000 |
| Next Low | 7.540000000 |
| 2nd Low | 7.460000000 |
| 3rd Low | 7.102000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing