DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance at 4.012000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 3.796000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.110000000 |
| 2nd High | 4.065000000 |
| Next High | 4.012000000 |
| Current Price | 4.050000000 |
| Next Low | 3.796000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
4.012000000 – 4.065000000 – 4.110000000 – 3.796000000 – 3.828000000 – 3.332000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –