Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 4.322000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 4.463000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.882000000 |
| Next High | 4.463000000 |
| Current Price | 4.339000000 |
| Next Low | 4.322000000 |
| 2nd Low | 4.289000000 |
| 3rd Low | 4.136000000 |
4.463000000 – 4.416000000 – 4.882000000 – 4.322000000 – 4.289000000 – 4.512000000 — 48.693593753528 – 43.847838396616
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern – –