The pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 4.074000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 3.986000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.089 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 4.074000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. 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 | 4.146000000 |
| 2nd High | 4.089000000 |
| Next High | 4.074000000 |
| Current Price | 4.034000000 |
| Next Low | 3.986000000 |
| 2nd Low | 3.782000000 |
| 3rd Low | 3.775000000 |
4.074000000 – 4.089000000 – 3.870000000 – 3.986000000 – 3.782000000 – 3.797000000 — 54.719247516775 – 57.248740758378
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –