DOT/USDT – 30M – SELL

The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.928 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.974 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

0.974 – 0.978 – 0.996 – 0.928 – 0.949 – 0.951 —
0.963000000 – 0.960000000 —
48.996743712529 – 46.977646410727 —
– —
0.974 – 1781010000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – – –