DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 2.316 will persist.
Caution: A possible trend reversal in the direction of the support level at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 2.344844 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 2.316 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.316 |
| Current Price | 2.308000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.316 – 2.397 – 2.339 – 2.176 – 2.242 – 2.244 — 57.828417919014 – 60.545875497656 — 76.775437620372 – 86.917300940519 – 57.9319844067 – 74.109437832561
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –