DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support line at 10.100000000 will persist.
Caution: A possible change in the direction of the resistance line at 10.928000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11.649000000 |
| 2nd High | 11.233000000 |
| Next High | 10.928000000 |
| Current Price | 9.935000000 |
| Next Low | 10.100000000 |
| 2nd Low | 10.093000000 |
| 3rd Low | 9.895000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing