DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline up.

A continuation of the uptrend upwards to the next resistance line at 1.263 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.205 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.248876 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.263 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.263 – 1.224 – 1.221 – 1.205 – 1.197 – 1.205 —
1.224000000 – 1.229000000 —
45.255992919824 – 47.882415677452 —
– —
1.263 – 1777869000

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –