DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance level at 2.18 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 1.968 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Hammer’ candle pattern is found. The candles show ‘Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).

2.18 – 2.033 – 1.845 – 1.968 – 1.762 – 1.818 — 38.734435176409 – 41.154406861515 — 0.71373047841143 – 4.347670057957 – 15.349526489024 – 8.8032383810367

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Hammer – Triple bottom chart pattern – –