DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 7.353000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 7.678000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. 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 | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.678000000 |
| Current Price | 7.343000000 |
| Next Low | 7.353000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing