DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 4.218000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 4.115000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. which is often a bullish signal. The currency pair could go up.
Besides a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.218000000 |
| Current Price | 4.301000000 |
| Next Low | 4.115000000 |
| 2nd Low | 4.113000000 |
| 3rd Low | 4.084000000 |
4.218000000 – 4.206000000 – 4.195000000 – 4.115000000 – 4.113000000 – 4.084000000 — 62.655673950848 – 65.452831710094
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Double bottom retreat down –