DOT/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.196000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 3.952000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4.196000000 – 4.067000000 – 4.110000000 – 3.939000000 – 3.796000000 – 3.828000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern