DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 3.921000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 3.626000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. this is usually a bearish signal. The currency pair could go down.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.750000000 |
| Next Low | 3.626000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.921000000 – 3.858000000 – 3.921000000 – 3.745000000 – 3.626000000 – 3.732000000 — 34.079503255666 – 37.696267493016
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – –