The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 1.96 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.881 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Bullish Separating Lines’ candlestick chart pattern is found. The candles form ‘Bullish Separating Lines’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.064 |
| 2nd High | 2.051 |
| Next High | 1.96 |
| Current Price | 1.916000000 |
| Next Low | 1.881 |
| 2nd Low | 1.834 |
| 3rd Low | 1.765 |
1.96 – 2.051 – 2.064 – 1.881 – 1.895 – 1.834 —
1.966000000 – 1.900000000 —
59.503712291581 – 40.98723795052 —
– —
1.96000 – 1768964400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Separating Lines – – –