DOT/USDT – 1H – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 2.256 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 2.39 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.397 |
| Next High | 2.39 |
| Current Price | 2.345000000 |
| Next Low | 2.256 |
| 2nd Low | 2.176 |
| 3rd Low | 0.633 |
2.39 – 2.371 – 2.397 – 2.308 – 2.256 – 2.176 — 53.837926369821 – 52.986077154989 — 57.341901711784 – 68.975455158089 – 38.981140741871 – 55.512960001759
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –