DOT/USDT – 4H – BUYThe combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline up.
The bullish trend up to the next resistance line at 4.193000000 will persist.
Caution: A possible change in the direction of support at 3.812000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.858000000 |
| Next Low | 3.812000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.812000000 – 3.817000000 – 3.538000000 — 44.604806034719 – 47.925646359549
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up – –