DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.

A bullish trend up to the next resistance at 3.997000000 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 3.812000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 4.0915 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 3.997000000 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

3.997000000 – 4.103000000 – 4.371000000 – 3.812000000 – 3.903000000 – 3.837000000 — 48.905823547868 – 53.479455549591

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