Sell DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards

A descending movement down to the next support level at 7.124000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 7.360000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Harami’ candlestick pattern is found. The chart forms ‘Bearish Harami’. 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 probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 7.678000000
2nd High 7.592000000
Next High 7.360000000
Current Price 7.173000000
Next Low 7.124000000
2nd Low 6.520000000
3rd Low 6.010000000

Download DOT/USDT Signal Image

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