DOT/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 3.836000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 3.925000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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’ 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 – –