DOT/USDT – 4H – SELLAlso there is a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A descent down to the next support line at 3.538000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 4.193000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candlestick chart pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.798000000 |
| Next Low | 3.538000000 |
| 2nd Low | 3.427000000 |
| 3rd Low | 3.323000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.812000000 – 3.817000000 – 3.538000000 — 44.529122147216 – 38.949699799176
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – Double top chart pattern – –