DOT/USDT – 30M – SELLAnd also a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 2.256 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 2.371 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Last Engulfing Top’ chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.371 |
| Current Price | 2.335000000 |
| Next Low | 2.256 |
| 2nd Low | 2.176 |
| 3rd Low | 0.633 |
2.371 – 2.316 – 2.397 – 2.256 – 2.263 – 2.176 — 55.257134273798 – 51.212365957272 — 58.225254689673 – 74.724152706703 – 40.865631617859 – 55.741478216997
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –