DOT/USDT – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 4.624000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 4.381000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.604000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.348000000 |
| 3rd Low | 4.165000000 |
4.587000000 – 4.454000000 – 4.335000000 – 4.381000000 – 4.348000000 – 4.165000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern