DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 4.091000000 is certain.

Caution: A possible reversal of the trend in the direction of support at 3.975000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

In addition a ‘RSI cross above 70’ indicator signal is found. The indicator is ‘RSI cross above 70’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 4.181 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 4.091000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.091000000 – 4.181000000 – 4.143000000 – 3.975000000 – 3.965000000 – 4.051000000 — 57.099498401904 – 58.154755724281

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –