DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 2.393 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.968 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.82 |
| 2nd High | 2.4 |
| Next High | 2.393 |
| Current Price | 2.218000000 |
| Next Low | 1.968 |
| 2nd Low | 1.762 |
| 3rd Low | 1.684 |
2.18 – 2.033 – 1.845 – 1.968 – 1.762 – 1.818 — 64.950647079311 – 68.087853995165 — 93.103278405872 – 93.103278405872 – 88.006850802068 – 92.823349658017
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern – –