DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 4.143000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 4.051000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘RSI cross above 70’ indicator signal is detected. The indicator is ‘RSI cross above 70’. which could be a positive signal. The currency pair is likely to rise.
Furthermore a ‘StochRSI cross above 20’ indicator signal is detected. The indicator is ‘StochRSI cross above 20’. which could be a positive signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.143000000 |
| Current Price | 4.136000000 |
| Next Low | 4.051000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
4.143000000 – 3.928000000 – 3.806000000 – 4.051000000 – 3.688000000 – 3.644000000 — 52.851171273042 – 54.15805246596
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –