Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
The bearish trend down to the next support line at 4.013000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 4.283000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 4.078000000 |
| Next Low | 4.013000000 |
| 2nd Low | 3.690000000 |
| 3rd Low | 3.688000000 |
4.283000000 – 4.265000000 – 4.185000000 – 4.013000000 – 4.120000000 – 4.038000000 — 50.735338838273 – 44.797258778318
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –