There is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
A bearish descent down to the next support level at 4.170000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 4.371000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.371000000 |
| Current Price | 4.210000000 |
| Next Low | 4.170000000 |
| 2nd Low | 4.097000000 |
| 3rd Low | 3.837000000 |
4.371000000 – 4.317000000 – 4.234000000 – 4.170000000 – 4.097000000 – 3.837000000 — 46.881836217363 – 41.042788620306
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –