Also there is a ‘Triple bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Triple bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 3.725000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.371000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.371000000 |
| Current Price | 4.316000000 |
| Next Low | 3.725000000 |
| 2nd Low | 3.612000000 |
| 3rd Low | 3.538000000 |
3.906000000 – 3.887000000 – 4.021000000 – 3.725000000 – 3.612000000 – 3.712000000 — 55.99426873177 – 51.341053468615
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –