DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 3.921000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 3.427000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.582000000 |
| Next Low | 3.427000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.427000000 – 3.446000000 – 3.626000000 — 56.222784958499 – 57.32647896775
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –