DOT/USDT – 1H – BUY

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

A bullish trend up to the next resistance line at 2.16 is certain.

Caution: A possible change in the direction of the support level at 2.04 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Northern Doji’ chart pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

2.16 – 2.156 – 2.164 – 2.04 – 2.087 – 2.245 — 51.977812029812 – 51.435033108339 — 82.483051936392 – 79.942404317563 – 77.647280034274 – 80.844696284761

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – – –