There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support line at 4.355000000 will continue.
Caution: A possible change in the direction of the resistance zone at 4.554000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Collapsing Doji Star’ candle chart pattern is discovered. The chart shows ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.554000000 |
| Current Price | 4.374000000 |
| Next Low | 4.355000000 |
| 2nd Low | 4.279000000 |
| 3rd Low | 4.165000000 |
4.554000000 – 4.498000000 – 4.539000000 – 4.355000000 – 4.279000000 – 4.381000000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern –