Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.975 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Falling Window’ candlestick pattern is existing. The candles form ‘Falling Window’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.996 |
| 2nd High | 0.978 |
| Next High | 0.975 |
| Current Price | 0.942000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.975 – 0.96 – 0.96 – 0.945 – 0.935 – 0.903 —
0.954000000 – 0.955000000 —
48.096330537936 – 47.421430557757 —
– —
0.975 – 1781200800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Falling Window – Rising Wedge Chart Pattern – –