DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support level at 8.103000000 will continue.
Caution: A possible change in the direction of resistance at 8.568000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. 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 | 8.173000000 |
| Next Low | 8.103000000 |
| 2nd Low | 7.842000000 |
| 3rd Low | 7.550000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing