DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support at 6.482000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 6.809000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.840000000 |
| 2nd High | 6.810000000 |
| Next High | 6.809000000 |
| Current Price | 6.696000000 |
| Next Low | 6.482000000 |
| 2nd Low | 6.454000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing