There is also a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A descending movement down to the next support at 3.750000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 3.914000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021000000 |
| 2nd High | 4.005000000 |
| Next High | 3.914000000 |
| Current Price | 3.741000000 |
| Next Low | 3.750000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.914000000 – 4.005000000 – 4.021000000 – 3.750000000 – 3.874000000 – 3.807000000 — 38.755268850963 – 36.054905007058
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Double top chart pattern – –