DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 4.908000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 5.216000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.839000000 |
| 2nd High | 5.429000000 |
| Next High | 5.216000000 |
| Current Price | 4.769000000 |
| Next Low | 4.908000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |