DOT/USDT – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 4.212000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 4.346000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.598000000 |
| Next High | 4.346000000 |
| Current Price | 4.237000000 |
| Next Low | 4.212000000 |
| 2nd Low | 4.097000000 |
| 3rd Low | 3.963000000 |
4.346000000 – 4.334000000 – 4.317000000 – 4.212000000 – 4.097000000 – 3.963000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji