DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 3.984000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 3.800000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish 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 | 4.346000000 |
| 2nd High | 4.196000000 |
| Next High | 3.984000000 |
| Current Price | 3.889000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.796000000 |
| 3rd Low | 3.332000000 |
3.984000000 – 4.196000000 – 4.067000000 – 3.800000000 – 3.939000000 – 3.796000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up