DOT/USDT – 4H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 4.615000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 3.665000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.964000000 |
| Next High | 4.615000000 |
| Current Price | 4.986000000 |
| Next Low | 3.665000000 |
| 2nd Low | |
| 3rd Low |