DOT/USDT – 4H – BUYThe pair Polkadot/Tether (DOT/USDT) goes from the descending trendline up.
A bullish ascent upwards to the next resistance at 3.991000000 is certain.
Caution: A possible counter-trend in the direction of the support zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The 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 | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 3.991000000 |
| Current Price | 3.174000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.991000000 – 4.346000000 – 4.214000000 – 3.709000000 – 3.963000000 – 3.742000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji