Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.941 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.975 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.001 |
| 2nd High | 0.996 |
| Next High | 0.975 |
| Current Price | 0.952000000 |
| Next Low | 0.941 |
| 2nd Low | 0.903 |
| 3rd Low | 0.884 |
0.975 – 0.96 – 0.996 – 0.941 – 0.903 – 0.928 —
0.972000000 – 0.964000000 —
56.051621972883 – 50.785693145514 —
– —
0.975 – 1781200800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –