DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 7.563000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 8.468000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this 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 | 9.173000000 |
| 2nd High | 8.972000000 |
| Next High | 8.468000000 |
| Current Price | 7.571000000 |
| Next Low | 7.563000000 |
| 2nd Low | 7.500000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing