There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support line at 4.030000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 4.154000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.182000000 |
| Next High | 4.154000000 |
| Current Price | 4.087000000 |
| Next Low | 4.030000000 |
| 2nd Low | 4.004000000 |
| 3rd Low | 4.003000000 |
4.154000000 – 4.182000000 – 4.100000000 – 4.030000000 – 4.004000000 – 4.003000000 — 46.015990536966 – 43.441406114363
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –