DOT/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support level at 4.081000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 4.196000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 4.156000000 |
| Next Low | 4.081000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.144000000 – 4.123000000 – 4.099000000 – 4.081000000 – 3.839000000 – 3.800000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low – Rising Wedge Chart Pattern