DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.101 will persist.
Caution: A possible change in the direction of the resistance line at 1.491 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.566 |
| 2nd High | 1.534 |
| Next High | 1.491 |
| Current Price | 1.356000000 |
| Next Low | 1.101 |
| 2nd Low | 0.633 |
| 3rd Low |
1.491 – 1.534 – 1.566 – 1.101 – 1.425 – 1.501 —
1.354000000 – 1.390000000 —
66.273804654286 – 58.902135919269 —
– —
1.491 – 1770235200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Bottom: – – –