DOT/USDT – 30M – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart layout is found. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 3.859000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 3.709000000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 4.105000000 |
| Next High | 3.859000000 |
| Current Price | 3.817000000 |
| Next Low | 3.709000000 |
| 2nd Low | 3.634000000 |
| 3rd Low | 3.633000000 |
3.859000000 – 4.105000000 – 4.346000000 – 3.709000000 – 4.004000000 – 4.212000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji