Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 0.825 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.85 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – –