In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.935000000 is expected.
Caution: A possible change in the direction of resistance at 0.96 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.974 |
| 2nd High | 0.969 |
| Next High | 0.96 |
| Current Price | 0.944000000 |
| Next Low | 0.935000000 |
| 2nd Low | 0.903 |
| 3rd Low |
0.96 – 0.96 – 0.969 – 0.935000000 – 0.903 – 0.924 —
0.954000000 – 0.949000000 —
47.939280777845 – 51.836577828157 —
0.935000000 – 1781179200 —
0.96 – 1781166600
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –