The combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 1.169 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.125 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.221 |
| 2nd High | 1.206 |
| Next High | 1.169 |
| Current Price | 1.145000000 |
| Next Low | 1.125 |
| 2nd Low | 1.101 |
| 3rd Low | 0.633 |
1.169 – 1.206 – 1.203 – 1.125 – 1.157 – 1.183 —
1.133000000 – 1.136000000 —
34.079299878507 – 41.949943635155 —
– —
1.169 – 1780342200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers – – –