DOT/USDT – 30M – BUY

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

A bullish ascent up to the next resistance at 3.790000000 will continue.

Caution: A possible trend reversal in the direction of support at 3.612000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.82815 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 3.790000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

3.790000000 – 3.887000000 – 3.833000000 – 3.612000000 – 3.655000000 – 3.778000000 — 59.726788382059 – 61.408272740602

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