DOT/USDT – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.254 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.275 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.355 |
| 2nd High | 1.327 |
| Next High | 1.275 |
| Current Price | 1.212000000 |
| Next Low | 1.21 |
| 2nd Low | 1.147 |
| 3rd Low | 1.101 |
1.275 – 1.327 – 1.355 – 1.21 – 1.212 – 1.235 —
1.227000000 – 1.245000000 —
39.767399019596 – 36.865954147472 —
– —
1.275 – 1777104000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Belt Hold – – –