Besides a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 2.248 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 2.293 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.39 |
| 2nd High | 2.365 |
| Next High | 2.293 |
| Current Price | 2.269000000 |
| Next Low | 2.248 |
| 2nd Low | 2.244 |
| 3rd Low | 2.227 |
2.293 – 2.276 – 2.28 – 2.248 – 2.244 – 2.227 — 49.413453046089 – 48.853250372141 — 38.776461897955 – 25.182817832187 – 45.409312608958 – 38.188128043483
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern – –