Then a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.934000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.
Then a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.146000000 |
| Next High | 3.934000000 |
| Current Price | 3.853000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.934000000 – 3.925000000 – 3.923000000 – 3.836000000 – 3.848000000 – 3.755000000 — 43.51594927575 – 39.623520140167
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –