DOT/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 3.745000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 3.921000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.749000000 |
| Next Low | 3.745000000 |
| 2nd Low | 3.626000000 |
| 3rd Low | 3.332000000 |
3.921000000 – 3.858000000 – 3.921000000 – 3.745000000 – 3.626000000 – 3.732000000 — 35.926776800229 – 35.780228638018
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –