DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 3.894000000 will continue.
Caution: A possible counter-trend in the direction of support at 3.725000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.021000000 |
| 2nd High | 3.906000000 |
| Next High | 3.894000000 |
| Current Price | 3.819000000 |
| Next Low | 3.725000000 |
| 2nd Low | 3.692000000 |
| 3rd Low | 3.612000000 |
3.894000000 – 3.906000000 – 3.887000000 – 3.725000000 – 3.692000000 – 3.612000000 — 43.713924039907 – 48.090179733698
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Double top retreat up – –