The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 6.482000000 will continue.
Caution: A possible change in the direction of resistance at 6.809000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Engulfing’ chart pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish 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