Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 0.825 will persist.
Caution: A possible change in the direction of the resistance zone at 0.85 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going 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 – –