The combination Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 0.96 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.928 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
In addition a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.001 |
| 2nd High | 0.996 |
| Next High | 0.96 |
| Current Price | 0.949000000 |
| Next Low | 0.928 |
| 2nd Low | 0.884 |
| 3rd Low | 0.633 |
0.96 – 0.996 – 1.001 – 0.928 – 0.949 – 0.884 —
0.932000000 – 0.936000000 —
34.823636637716 – 46.057804176755 —
– —
0.96 – 1781096400
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Up – – –