There is also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A bearish descent down to the next support at 4.051000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 4.309000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.309000000 |
| Current Price | 4.139000000 |
| Next Low | 4.051000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
4.143000000 – 3.928000000 – 3.806000000 – 4.051000000 – 3.688000000 – 3.644000000 — 56.786561445529 – 55.632651410865
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –