DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 8.136000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 8.392000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative 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 | 9.173000000 |
| 2nd High | 8.972000000 |
| Next High | 8.392000000 |
| Current Price | 8.166000000 |
| Next Low | 8.136000000 |
| 2nd Low | 8.023000000 |
| 3rd Low | 7.590000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing