DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 3.433000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 3.271000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.508000000 |
| 2nd High | 3.465000000 |
| Next High | 3.433000000 |
| Current Price | 3.392000000 |
| Next Low | 3.271000000 |
| 2nd Low | 3.007000000 |
| 3rd Low |
3.433000000 – 3.465000000 – 3.508000000 – 3.271000000 – 3.007000000 – 3.209000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern