And also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support line at 4.144000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.283000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.283000000 |
| Current Price | 4.225000000 |
| Next Low | 4.144000000 |
| 2nd Low | 4.054000000 |
| 3rd Low | 4.030000000 |
4.209000000 – 4.154000000 – 4.182000000 – 4.144000000 – 4.054000000 – 4.030000000 — 58.118423193458 – 56.870286412003
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –