DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 4.193000000 is certain.
Caution: A possible change in the direction of support at 3.923000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.922000000 |
| Next Low | 3.923000000 |
| 2nd Low | 3.812000000 |
| 3rd Low | 3.538000000 |
4.193000000 – 3.997000000 – 4.103000000 – 3.923000000 – 3.812000000 – 3.903000000 — 33.018792675876 – 37.132582274113
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –