DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline up.

A continuation of the bullish trend up to the next resistance at 4.277000000 is certain.

Caution: A possible change in the direction of the support level at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 4.277 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 4.277000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.277000000 – 4.269000000 – 4.196000000 – 4.065000000 – 3.800000000 – 3.939000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down