DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 6.010000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 6.809000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which 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 probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.840000000 |
| 2nd High | 6.810000000 |
| Next High | 6.809000000 |
| Current Price | 6.196000000 |
| Next Low | 6.010000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.560000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing