DOT/USDT – 1H – BUYThe pair moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 4.615000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 4.239000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 4.392 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.615000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.964000000 |
| 2nd High | 4.858000000 |
| Next High | 4.615000000 |
| Current Price | 4.463000000 |
| Next Low | 4.239000000 |
| 2nd Low | 4.045000000 |
| 3rd Low | 3.679000000 |