DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 4.463000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 4.289000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.882000000 |
| Next High | 4.463000000 |
| Current Price | 4.357000000 |
| Next Low | 4.289000000 |
| 2nd Low | 4.136000000 |
| 3rd Low | 4.119000000 |
4.463000000 – 4.882000000 – 4.295000000 – 4.289000000 – 4.512000000 – 4.136000000 — 44.531506344978 – 45.542639819003
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –