DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 4.075000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 4.624000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.294000000 |
| Next Low | 4.075000000 |
| 2nd Low | 4.065000000 |
| 3rd Low | 3.800000000 |
4.624000000 – 4.277000000 – 4.269000000 – 4.075000000 – 4.065000000 – 3.800000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Last Engulfing Top –