DOT/USDT – 30M – BUY

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

An ascent upwards to the next resistance at 3.970000000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 3.830000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 4.0115 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 3.970000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

3.970000000 – 4.193000000 – 3.997000000 – 3.830000000 – 4.044000000 – 3.923000000 — 50.141318013926 – 53.899517978179

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