DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 7.584000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 7.988000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading 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