DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 4.131000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 3.863000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘RSI cross above 70’ indicator signal is existing. The indicator is ‘RSI cross above 70’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.202000000 |
| 2nd High | 4.136000000 |
| Next High | 4.131000000 |
| Current Price | 4.124000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.131000000 – 4.136000000 – 4.202000000 – 3.863000000 – 3.894000000 – 4.279000000 — 61.359772963398 – 62.333259654143
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down –