DOT/USDT – 1H – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 4.346000000 is considered certain.
Caution: A possible change in the direction of the support level at 3.963000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 4.203456 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 4.346000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.346000000 |
| Current Price | 4.080000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.346000000 – 4.112000000 – 4.058000000 – 3.963000000 – 3.977000000 – 3.868000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji