DOT/USDT – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 3.923000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 4.371000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 4.063000000 |
| Next Low | 3.923000000 |
| 2nd Low | 3.890000000 |
| 3rd Low | 3.812000000 |
3.997000000 – 3.966000000 – 3.955000000 – 3.923000000 – 3.890000000 – 3.812000000 — 52.583806595038 – 47.215287456513
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –