DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 4.554000000 is expected.
Caution: A possible trend reversal in the direction of support at 4.279000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Also there is a ‘Hammer’ chart pattern is found. The candles show ‘Hammer’. this 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 chance of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.554000000 |
| Current Price | 4.366000000 |
| Next Low | 4.279000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.554000000 – 4.498000000 – 4.539000000 – 4.355000000 – 4.279000000 – 4.381000000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Hammer – –