DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 4.624000000 will persist.

Caution: A possible trend reversal in the direction of the support level at 4.133000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive 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).

4.624000000 – 4.277000000 – 4.269000000 – 4.133000000 – 4.075000000 – 4.065000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up