DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline up.

A bullish ascent up to the next resistance at 1.34 will continue.

Caution: A possible trend reversal in the direction of support at 1.225 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Inverted Hammer’ candlestick chart pattern is detected. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).

1.34 – 1.412 – 1.493 – 1.301 – 1.36 – 1.405 —
1.327000000 – 1.290000000 —
40.084741175473 – 29.83142105007 —
– —
1.34 – 1774573200

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