DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) goes from the descending trendline up.
The bullish trend upwards to the next resistance line at 8.972000000 is expected.
Caution: A possible change in the direction of support at 8.367000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.204000000 |
| 2nd High | 9.173000000 |
| Next High | 8.972000000 |
| Current Price | 8.496000000 |
| Next Low | 8.367000000 |
| 2nd Low | 8.347000000 |
| 3rd Low | 8.023000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing