DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descent downwards to the next support line at 6.010000000 will persist.
Caution: A possible change in the direction of resistance at 7.109000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern 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 | 7.592000000 |
| 2nd High | 7.152000000 |
| Next High | 7.109000000 |
| Current Price | 6.611000000 |
| Next Low | 6.010000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.560000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing