DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.

A bearish movement down to the next support at 5.304000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 5.983000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 6.147 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 5.983000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

Download DOT/USDT Signal Image

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers