Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 4.136000000 will persist.
Caution: A possible change in the direction of resistance at 4.882000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4.882000000 |
| Current Price | 4.122000000 |
| Next Low | 4.136000000 |
| 2nd Low | 3.725000000 |
| 3rd Low | 3.612000000 |
4.882000000 – 4.626000000 – 3.906000000 – 4.136000000 – 3.725000000 – 3.612000000 — 40.072812262638 – 31.253166632478
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –