And also a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A bearish trend down to the next support at 3.883000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.021000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.181000000 |
| 2nd High | 4.158000000 |
| Next High | 4.021000000 |
| Current Price | 3.864000000 |
| Next Low | 3.883000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
4.021000000 – 4.158000000 – 4.091000000 – 3.883000000 – 4.011000000 – 3.975000000 — 33.228559367139 – 28.967880006794
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Double top chart pattern – –