DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 3.654000000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 3.560000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.692000000 |
| 2nd High | 3.666000000 |
| Next High | 3.654000000 |
| Current Price | 3.681000000 |
| Next Low | 3.560000000 |
| 2nd Low | 3.459000000 |
| 3rd Low | 3.427000000 |
3.654000000 – 3.666000000 – 3.618000000 – 3.560000000 – 3.459000000 – 3.427000000 — 54.797965659746 – 69.740225522553
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –