Additionally a ‘Falling Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 3.849000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 3.752000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.105000000 |
| 2nd High | 3.859000000 |
| Next High | 3.849000000 |
| Current Price | 3.821000000 |
| Next Low | 3.752000000 |
| 2nd Low | 3.709000000 |
| 3rd Low | 3.634000000 |
3.849000000 – 3.859000000 – 4.105000000 – 3.752000000 – 3.709000000 – 4.004000000