And also a ‘Double top chart pattern’ chart pattern is existing. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 3.820000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 3.921000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.
And also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.809000000 |
| Next Low | 3.820000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.820000000 – 3.905000000 – 4.115000000 — 39.702653529326 – 33.02085582796
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern –