DOT/USDT – 30M – BUYNext a ‘Double bottom chart pattern’ chart layout is found. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 3.696000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 3.644000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The 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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.757000000 |
| 2nd High | 3.707000000 |
| Next High | 3.696000000 |
| Current Price | 3.699000000 |
| Next Low | 3.644000000 |
| 2nd Low | 3.570000000 |
| 3rd Low | 3.553000000 |
3.696000000 – 3.696000000 – 3.647000000 – 3.644000000 – 3.570000000 – 3.553000000 — 58.726393952528 – 64.059655213302
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –