DOT/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.346000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.346000000 |
| Current Price | 4.137000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4.346000000 – 4.112000000 – 4.058000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low