DOT/USDT – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 4.392000000 is expected.
Caution: A possible counter-trend in the direction of the support line at 4.045000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.615000000 |
| 2nd High | 4.437000000 |
| Next High | 4.392000000 |
| Current Price | 4.338000000 |
| Next Low | 4.045000000 |
| 2nd Low | 3.679000000 |
| 3rd Low | 3.665000000 |