DOT/USDT – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 4.136000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 4.882000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4.882000000 |
| Current Price | 4.122000000 |
| Next Low | 4.136000000 |
| 2nd Low | 3.725000000 |
| 3rd Low | 3.612000000 |
4.882000000 – 4.626000000 – 3.906000000 – 4.136000000 – 3.725000000 – 3.612000000 — 40.072812262638 – 31.253166632478
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –