The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 1.295 is certain.
Caution: A possible trend reversal in the direction of support at 1.27 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Separating Lines’ candlestick pattern is existing. The chart shows ‘Bullish Separating Lines’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.412 |
| 2nd High | 1.34 |
| Next High | 1.295 |
| Current Price | 1.287000000 |
| Next Low | 1.27 |
| 2nd Low | 1.235 |
| 3rd Low | 1.225 |
1.295 – 1.34 – 1.337 – 1.27 – 1.272 – 1.301 —
1.289000000 – 1.288000000 —
46.236794399936 – 50.403601266538 —
– —
1.295 – 1774654200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Separating Lines – – –