Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 0.825 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.85 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.899 |
| 2nd High | 0.868 |
| Next High | 0.85 |
| Current Price | 0.838000000 |
| Next Low | 0.825 |
| 2nd Low | 0.806 |
| 3rd Low | 0.801 |
0.85 – 0.843 – 0.84 – 0.825 – 0.826 – 0.806 —
0.867000000 – 0.846000000 —
69.489160206627 – 49.686445893782 —
– —
0.85 – 1782918000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –