There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 3.807000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 4.021000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.021000000 |
| Current Price | 3.974000000 |
| Next Low | 3.807000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.538000000 |
4.021000000 – 3.934000000 – 4.283000000 – 3.807000000 – 3.836000000 – 3.689000000 — 57.557233524281 – 56.428985864984
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –