Then a ‘Triple top chart pattern’ chart formation is discovered. The chart picture forms ‘Triple top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descent downwards to the next support at 3.690000000 is likely expected.
Caution: A possible change in the direction of resistance at 4.283000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 3.778000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.283000000 – 4.265000000 – 4.207000000 – 4.013000000 – 4.038000000 – 3.690000000 — 30.752692673179 – 25.604446025506
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Triple top chart pattern – –