DOT/USDT – 4H – BUYThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 4.193000000 is certain.
Caution: A possible change in the direction of the support line at 3.690000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 3.779000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.690000000 – 3.697000000 – 3.812000000 — 34.184648422488 – 37.941209526016
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Triple top chart pattern – –