DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support at 7.584000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 7.988000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘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 probability of ‘Bearish Engulfing’ going down is 79%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing