DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 3.906000000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 3.725000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.283000000 |
| 2nd High | 4.021000000 |
| Next High | 3.906000000 |
| Current Price | 3.846000000 |
| Next Low | 3.725000000 |
| 2nd Low | 3.692000000 |
| 3rd Low | 3.612000000 |
3.906000000 – 3.887000000 – 3.875000000 – 3.725000000 – 3.692000000 – 3.612000000 — 54.130209495081 – 57.64629986519
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –