DOT/USDT – 1H – SELLAnd also a ‘Triple top chart pattern’ chart layout is found. The chart picture shows ‘Triple top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 3.689000000 is expected.
Caution: A possible change in the direction of the resistance line at 4.283000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 3.768000000 |
| Next Low | 3.689000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.283000000 – 4.265000000 – 4.207000000 – 3.689000000 – 4.013000000 – 4.038000000 — 37.349952946164 – 37.113971176079
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Triple top chart pattern – –