And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 3.807000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 4.021000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.021000000 |
| Current Price | 3.974000000 |
| Next Low | 3.807000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.538000000 |
4.021000000 – 3.934000000 – 4.283000000 – 3.807000000 – 3.836000000 – 3.689000000 — 57.557233524281 – 56.428985864984
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –