The currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1.491 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.101 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.566 |
| 2nd High | 1.534 |
| Next High | 1.491 |
| Current Price | 1.318000000 |
| Next Low | 1.101 |
| 2nd Low | 0.633 |
| 3rd Low |
1.491 – 1.534 – 1.566 – 1.101 – 1.425 – 1.501 —
1.303000000 – 1.286000000 —
53.514434463708 – 52.4338267439 —
– —
1.491 – 1770235200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –