DOT/USDT – 30M – BUY

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

A bullish ascent up to the next resistance at 3.872000000 is considered certain.

Caution: A possible change in the direction of the support line at 3.770000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 3.869664 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 3.872000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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).

3.872000000 – 3.923000000 – 3.905000000 – 3.770000000 – 3.773000000 – 3.710000000 — 50.320096032545 – 52.019121282398

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