DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 7.584000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 7.988000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 7.694000000 |
| Next Low | 7.584000000 |
| 2nd Low | 7.540000000 |
| 3rd Low | 7.460000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing