DOT/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish descent down to the next support line at 3.670000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 3.757000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.757000000 |
| Current Price | 3.693000000 |
| Next Low | 3.670000000 |
| 2nd Low | 3.560000000 |
| 3rd Low | 3.459000000 |
3.757000000 – 3.654000000 – 3.666000000 – 3.670000000 – 3.560000000 – 3.459000000 — 49.711362267155 – 48.917437965496
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –