Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 2.127 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.249 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.393 |
| 2nd High | 2.263 |
| Next High | 2.249 |
| Current Price | 2.126000000 |
| Next Low | 2.127 |
| 2nd Low | 2.112 |
| 3rd Low | 2.096 |
2.249 – 2.242 – 2.263 – 2.127 – 2.112 – 2.179 — 42.985105796443 – 38.271909398046 — 63.817495209108 – 48.289369856837 – 66.11197021558 – 59.093461532789
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –