DOT/USDT – 4H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 4.346000000 is likely expected.
Caution: A possible change in the direction of the support zone at 3.800000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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 | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.346000000 |
| Current Price | 4.561000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.196000000 – 4.110000000 – 3.665000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern