DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline down.

The bearish trend downwards to the next support at 7.167000000 is expected.

Caution: A possible counter-trend in the direction of resistance at 8.468000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 8.17 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 8.468000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three White Soldiers’ chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers