DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 7.584000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 7.988000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 7.694000000 |
| Next Low | 7.584000000 |
| 2nd Low | 7.540000000 |
| 3rd Low | 7.460000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing