DOT/USDT – 1H – SELLFurthermore a ‘Triple top chart pattern’ chart layout is found. The chart picture shows ‘Triple top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 3.690000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.283000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 3.866000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.283000000 – 4.265000000 – 4.207000000 – 4.013000000 – 4.038000000 – 3.690000000 — 33.161601648175 – 32.820179708207
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – Triple top chart pattern – –