DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline upwards
A bullish movement up to the next resistance at 4.084000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 3.863000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.084000000 |
| Current Price | 3.901000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.084000000 – 4.309000000 – 4.218000000 – 3.905000000 – 4.115000000 – 4.113000000 — 31.362047571152 – 44.120419968344
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double top retreat up –