DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descent down to the next support line at 9.895000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 11.649000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 11.649000000 |
| Current Price | 10.809000000 |
| Next Low | 9.895000000 |
| 2nd Low | 8.002000000 |
| 3rd Low | 7.550000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing