And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 3.560000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.618000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.692000000 |
| 2nd High | 3.631000000 |
| Next High | 3.618000000 |
| Current Price | 3.594000000 |
| Next Low | 3.560000000 |
| 2nd Low | 3.459000000 |
| 3rd Low | 3.427000000 |
3.618000000 – 3.631000000 – 3.692000000 – 3.560000000 – 3.459000000 – 3.427000000 — 54.898727958434 – 53.532529795976
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –