Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A bearish trend down to the next support line at 1.338 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.381 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.44 |
| 2nd High | 1.391 |
| Next High | 1.381 |
| Current Price | 1.339000000 |
| Next Low | 1.338 |
| 2nd Low | 1.332 |
| 3rd Low | 1.331 |
1.381 – 1.391 – 1.44 – 1.338 – 1.34 – 1.332 —
1.360000000 – 1.355000000 —
46.883347790599 – 43.071965427932 —
– —
1.381 – 1771344000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –