DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 8.143000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 8.568000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.500000000 |
| 2nd High | 9.359000000 |
| Next High | 8.568000000 |
| Current Price | 8.402000000 |
| Next Low | 8.143000000 |
| 2nd Low | 7.842000000 |
| 3rd Low | 7.550000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing