DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 2.293 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.961 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Above the Stomach’ chart pattern is found. The chart forms ‘Above the Stomach’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.39 |
| 2nd High | 2.376 |
| Next High | 2.293 |
| Current Price | 2.265000000 |
| Next Low | 1.961 |
| 2nd Low | 0.633 |
| 3rd Low |
2.293 – 2.376 – 2.39 – 1.961 – 2.227 – 2.274 — 68.335839119347 – 70.318371161871 — 61.881540457648 – 56.511494336627 – 68.099950054409 – 63.346975277119
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Above the Stomach – – –