DOT/USDT – 30M – BUYBesides a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 3.696000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 3.644000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ candle pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 – –