DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 4.012000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 3.796000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 4.110000000 |
| 2nd High | 4.065000000 |
| Next High | 4.012000000 |
| Current Price | 4.015000000 |
| 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 –