DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 6.482000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 6.809000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.840000000 |
| 2nd High | 6.810000000 |
| Next High | 6.809000000 |
| Current Price | 6.696000000 |
| Next Low | 6.482000000 |
| 2nd Low | 6.454000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing