DOT/USDT – 1H – BUYThe currency pair jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 5.429000000 will continue.
Caution: A possible change in the direction of the support zone at 4.908000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 5.4791 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 5.429000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.839000000 |
| Next High | 5.429000000 |
| Current Price | 5.183000000 |
| Next Low | 4.908000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |