Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support level at is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.567 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.603 |
| 2nd High | 1.574 |
| Next High | 1.567 |
| Current Price | 1.517000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.567 – 1.574 – 1.551 – 1.508 – 1.508 – 1.473 —
1.529000000 – 1.530000000 —
45.067669634402 – 46.815035105208 —
– —
1.567 – 1772650800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Symmetrical Triangle Chart Pattern – –