DOT/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 3.670000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.757000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.084000000 |
| 2nd High | 3.921000000 |
| Next High | 3.757000000 |
| Current Price | 3.693000000 |
| Next Low | 3.670000000 |
| 2nd Low | 3.560000000 |
| 3rd Low | 3.459000000 |
3.757000000 – 3.654000000 – 3.666000000 – 3.670000000 – 3.560000000 – 3.459000000 — 49.711362267155 – 48.917437965496
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –