Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible change in the direction of resistance at 1.222 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. which 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.259 |
| 2nd High | 1.226 |
| Next High | 1.222 |
| Current Price | 1.211000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.222 – 1.226 – 1.259 – 1.2 – 1.205 – 1.197 —
1.206000000 – 1.219000000 —
43.133042074919 – 59.955248285151 —
– —
1.222 – 1777550400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –