DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) moves from the descending trendline upwards
A bullish trend up to the next resistance line at 5.600000000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 5.470000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 5.802204 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 5.600000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.147000000 |
| 2nd High | 5.749000000 |
| Next High | 5.600000000 |
| Current Price | 5.538000000 |
| Next Low | 5.470000000 |
| 2nd Low | 4.857000000 |
| 3rd Low | 4.686000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers