DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

A bearish trend down to the next support line at 8.002000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 10.359000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. 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%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing