Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at is certain.
Caution: A possible change in the direction of the resistance level at 1.556 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.501688 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.556 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.574 |
| 2nd High | 1.567 |
| Next High | 1.556 |
| Current Price | 1.514000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.556 – 1.555 – 1.567 – 1.511 – 1.482 – 1.508 —
1.527000000 – 1.531000000 —
45.852968239453 – 51.367261492102 —
– —
1.556 – 1772742600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Symmetrical Triangle Chart Pattern – –