And also a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A bearish movement down to the next support line at 3.830000000 is considered certain.
Caution: A possible change in the direction of resistance at 3.970000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.193000000 |
| Next High | 3.970000000 |
| Current Price | 3.825000000 |
| Next Low | 3.830000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.688000000 |
3.970000000 – 4.193000000 – 3.997000000 – 3.830000000 – 4.044000000 – 3.923000000 — 39.929175850631 – 32.903494091407
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –