DOT/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 4.051000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 4.309000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going 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 – –