Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 4.030000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.154000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The 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 | 4.283000000 |
| 2nd High | 4.182000000 |
| Next High | 4.154000000 |
| Current Price | 4.087000000 |
| Next Low | 4.030000000 |
| 2nd Low | 4.004000000 |
| 3rd Low | 4.003000000 |
4.154000000 – 4.182000000 – 4.100000000 – 4.030000000 – 4.004000000 – 4.003000000 — 46.015990536966 – 43.441406114363
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –