DOT/USDT – 30M – BUY

The currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline up.

A continuation of the bullish trend up to the next resistance at 1.48 will persist.

Caution: A possible counter-trend in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.4905 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.48 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Inverted Hammer’ candlestick chart pattern is found. The candles show ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).

1.48 – 1.485 – 1.547 – 1.445 – 1.425 – 1.431 —
1.470000000 – 1.460000000 —
53.126293149066 – 47.02399574118 —
– —
1.48 – 1772996400

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – – –