DOT/USDT – 30M – BUYBesides a ‘Double top retreat up’ chart layout is found. The chart picture shows ‘Double top retreat up’. which is a bullish chart scenario. The pair is likely to go up.
The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 3.970000000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 3.812000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.193000000 |
| Next High | 3.970000000 |
| Current Price | 3.842000000 |
| Next Low | 3.812000000 |
| 2nd Low | 3.688000000 |
| 3rd Low | 3.644000000 |
3.970000000 – 4.193000000 – 3.997000000 – 3.830000000 – 4.044000000 – 3.923000000 — 30.36132451384 – 39.21051080957
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – Double top retreat up – –