Also there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 2.127 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 2.249 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.139000000 |
| Next Low | 2.127 |
| 2nd Low | 2.112 |
| 3rd Low | 2.096 |
2.249 – 2.242 – 2.263 – 2.127 – 2.112 – 2.179 — 46.902777791715 – 45.041144853887 — 72.246134920039 – 76.870249977108 – 64.050853568073 – 72.884779545378
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern – –