DOT/USDT – 4H – BUY

The currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 4.371000000 will continue.

Caution: A possible trend reversal in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.148216 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.371000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.371000000 – 4.181000000 – 3.757000000 – 3.812000000 – 3.817000000 – 3.538000000 — 45.865820371854 – 46.200248555881

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