DOT/USDT – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 2.617 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 3.34 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.439 |
| 2nd High | 4.291 |
| Next High | 3.34 |
| Current Price | 2.594000000 |
| Next Low | 2.617 |
| 2nd Low | 2.343 |
| 3rd Low | 0.633 |
3.34 – 3.016 – 3.247 – 2.617 – 2.749 – 2.343 — 37.010659612729 – 33.335785343239 — 43.727648506804 – 24.975616552877 – 56.105924790612 – 42.029322062762
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –