DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 7.540000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 7.837000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.837000000 |
| Current Price | 7.689000000 |
| Next Low | 7.540000000 |
| 2nd Low | 7.460000000 |
| 3rd Low | 7.102000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing