DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline upwards

The bullish trend up to the next resistance level at 1.491 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.425 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.455174 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.491 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

1.491 – 1.534 – 1.566 – 1.425 – 1.501 – 1.431 —
1.473000000 – 1.446000000 —
42.785144051274 – 37.744408054471 —
– —
1.491 – 1770235200

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – – –