DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 5.742000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 6.100000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. 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 | |
| 2nd High | 6.147000000 |
| Next High | 6.100000000 |
| Current Price | 5.795000000 |
| Next Low | 5.742000000 |
| 2nd Low | 5.631000000 |
| 3rd Low | 5.304000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing