There is also a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 3.863000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.309000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.309000000 |
| Current Price | 3.809000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.323000000 |
4.309000000 – 4.673000000 – 4.624000000 – 3.863000000 – 3.800000000 – 3.323000000 — 36.032132618588 – 32.87356266602
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern –