DOT/USDT – 1H – BUY

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

An ascent upwards to the next resistance level at 1.001 is certain.

Caution: A possible counter-trend in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘Inverted Hammer’ candlestick chart pattern is discovered. The chart shows ‘Inverted Hammer’. which is a positive 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 ‘Inverted Hammer’ heading up is 65% (Bull Market).

1.001 – 1.073 – 1.133 – 0.884 – 0.944 – 1.008 —
0.966000000 – 0.983000000 —
48.873534034916 – 53.873311254086 —
– —
1.001 – 1780869600

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Inverted Hammer – Rising Wedge Chart Pattern – –