DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish trend upwards to the next resistance level at 4.498000000 will continue.

Caution: A possible counter-trend in the direction of the support level at 4.355000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.588684 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 4.498000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.498000000 – 4.539000000 – 4.673000000 – 4.355000000 – 4.279000000 – 4.381000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –