Moreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.235 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.274 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.327 |
| 2nd High | 1.275 |
| Next High | 1.274 |
| Current Price | 1.235000000 |
| Next Low | 1.235 |
| 2nd Low | 1.227 |
| 3rd Low | 1.212 |
1.274 – 1.275 – 1.327 – 1.235 – 1.227 – 1.212 —
1.268000000 – 1.269000000 —
55.103981012262 – 54.751039532194 —
– —
1.274 – 1777201200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –