DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 7.550000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 8.568000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.500000000 |
| 2nd High | 9.359000000 |
| Next High | 8.568000000 |
| Current Price | 8.187000000 |
| Next Low | 7.550000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing