DOT/USDT – 30M – BUY

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline up.

A bullish trend up to the next resistance line at 3.960000000 is likely expected.

Caution: A possible counter-trend in the direction of support at 3.786000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 3.882052 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 3.960000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. 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).

3.960000000 – 3.970000000 – 4.193000000 – 3.786000000 – 3.830000000 – 4.044000000 — 38.509515662745 – 41.857666679542

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