Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descent down to the next support at 3.986000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 4.074000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.146000000 |
| 2nd High | 4.089000000 |
| Next High | 4.074000000 |
| Current Price | 4.024000000 |
| Next Low | 3.986000000 |
| 2nd Low | 3.782000000 |
| 3rd Low | 3.775000000 |
4.074000000 – 4.089000000 – 3.870000000 – 3.986000000 – 3.782000000 – 3.797000000 — 50.166205342209 – 47.576002473944
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –