DOT/USDT – 1H – SELLThen a ‘Triple top chart pattern’ chart formation is found. The chart picture shows ‘Triple top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2.343 is certain.
Caution: A possible change in the direction of the resistance line at 2.82 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bullish Engulfing’ chart pattern is found. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.899 |
| 2nd High | 2.867 |
| Next High | 2.82 |
| Current Price | 2.423000000 |
| Next Low | 2.343 |
| 2nd Low | 0.633 |
| 3rd Low |
2.82 – 2.738 – 2.802 – 2.569 – 2.642 – 2.617 — 26.135248025518 – 29.675934395743 — 43.187860546777 – 28.571748540125 – 50.424284226363 – 43.736143219152
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Triple top chart pattern – –