In addition a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support at 1.482 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.556 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.603 |
| 2nd High | 1.574 |
| Next High | 1.556 |
| Current Price | 1.476000000 |
| Next Low | 1.482 |
| 2nd Low | 1.473 |
| 3rd Low | 1.458 |
1.556 – 1.574 – 1.557 – 1.482 – 1.508 – 1.473 —
1.531000000 – 1.496000000 —
44.90732194971 – 41.172873883346 —
– —
1.556 – 1772740800
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –