DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 7.460000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 7.735000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.735000000 |
| Current Price | 7.671000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top