There is also a ‘Triple bottom chart pattern’ chart formation is existing. The formation shows ‘Triple bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The combination Polkadot/Tether (DOT/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 4.624000000 is considered certain.
Caution: A possible change in the direction of the support level at 4.348000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 4.624 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 4.624000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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 | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.538000000 |
| Next Low | 4.348000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.454000000 – 4.335000000 – 4.624000000 – 4.348000000 – 4.165000000 – 4.133000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern