DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish movement upwards to the next resistance at 3.631000000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 3.674 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 3.631000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. 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).

3.631000000 – 3.692000000 – 3.921000000 – 3.459000000 – 3.427000000 – 3.509000000 — 54.63557742695 – 56.820033189684

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –