DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 4.277000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 4.075000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is found. The chart shows ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.277000000 |
| Current Price | 4.565000000 |
| Next Low | 4.075000000 |
| 2nd Low | 4.065000000 |
| 3rd Low | 3.839000000 |
4.277000000 – 4.269000000 – 4.144000000 – 4.075000000 – 4.065000000 – 4.081000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern