Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.681 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.235 |
| 2nd High | 1.752 |
| Next High | 1.681 |
| Current Price | 1.468000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.681 – 1.752 – 1.398 – 1.473 – 1.458 – 1.225 —
1.550000000 – 1.502000000 —
48.179005899213 – 44.152789077895 —
– —
1.681 – 1772323200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –