And also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A bearish movement down to the next support level at 3.670000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 3.757000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.757000000 |
| Current Price | 3.690000000 |
| Next Low | 3.670000000 |
| 2nd Low | 3.560000000 |
| 3rd Low | 3.459000000 |
3.757000000 – 3.654000000 – 3.666000000 – 3.670000000 – 3.560000000 – 3.459000000 — 48.846233345947 – 47.618978903012
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –