In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance level at 1.325 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.341 |
| 2nd High | 1.334 |
| Next High | 1.325 |
| Current Price | 1.293000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.325 – 1.334 – 1.296 – 1.286 – 1.269 – 1.205 —
1.314000000 – 1.298000000 —
51.632888484026 – 42.649218495114 —
– —
1.325 – 1778103000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –