DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 7.735000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 7.460000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ chart pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.735000000 |
| Current Price | 7.716000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold