DOT/USDT – 1H – BUY

The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.

A bullish ascent up to the next resistance line at 4.295000000 is expected.

Caution: A possible trend reversal in the direction of the support level at 4.150000000 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 4.3725 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 4.295000000 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

4.295000000 – 4.405000000 – 4.626000000 – 4.150000000 – 4.280000000 – 4.153000000 — 60.338377268974 – 61.412056526923

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –