DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 4.136000000 will continue.
Caution: A possible reversal of the trend in the direction of support at 3.863000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘RSI cross above 30’ indicator signal is discovered. The indicator is ‘RSI cross above 30’. this is usually a bullish chart signal. The currency pair is likely to rise.
Next a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.202000000 |
| Next High | 4.136000000 |
| Current Price | 3.994000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.863000000 – 3.894000000 – 4.000000000 — 45.463859660716 – 52.399823150679
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Triple top chart pattern –