DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 1.263 is certain.

Caution: A possible trend reversal in the direction of the support line at 1.197 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.263 – 1.241 – 1.229 – 1.197 – 1.204 – 1.195 —
1.262000000 – 1.272000000 —
64.000928432913 – 59.128585893518 —
– —
1.263 – 1777867200

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