Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement down to the next support at 1.235 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.291 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.341 |
| 2nd High | 1.308 |
| Next High | 1.291 |
| Current Price | 1.260000000 |
| Next Low | 1.235 |
| 2nd Low | 1.171 |
| 3rd Low | 1.147 |
1.291 – 1.308 – 1.341 – 1.235 – 1.248 – 1.27 —
1.266000000 – 1.280000000 —
54.973574978909 – 59.050229442636 —
– —
1.291 – 1776603600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –