There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support at 3.836000000 will continue.
Caution: A possible change in the direction of the resistance level at 3.925000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.146000000 |
| Next High | 3.925000000 |
| Current Price | 3.903000000 |
| Next Low | 3.836000000 |
| 2nd Low | 3.755000000 |
| 3rd Low | 3.689000000 |
3.925000000 – 3.923000000 – 3.856000000 – 3.836000000 – 3.848000000 – 3.755000000 — 62.631078009902 – 58.42266651479
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –