DOT/USDT – 1H – SELLMoreover a ‘Triple top chart pattern’ chart layout is existing. The chart shows ‘Triple top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 3.690000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 4.283000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Top’ candle chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 3.890000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.283000000 – 4.265000000 – 4.207000000 – 4.013000000 – 4.038000000 – 3.690000000 — 35.060053127787 – 33.386141029183
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – Triple top chart pattern – –