And also a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 3.863000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 4.309000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.309000000 |
| Current Price | 3.809000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.323000000 |
4.309000000 – 4.673000000 – 4.624000000 – 3.863000000 – 3.800000000 – 3.323000000 — 36.032132618588 – 32.87356266602
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern –