The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 4.335000000 will persist.
Caution: A possible counter-trend in the direction of the support zone at could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.624000000 |
| Next High | 4.335000000 |
| Current Price | 4.249000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4.335000000 – 4.624000000 – 4.277000000 – 4.133000000 – 4.075000000 – 4.065000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –