DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 7.678000000 is expected.
Caution: A possible change in the direction of the support level at 7.353000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.678000000 |
| Current Price | 7.454000000 |
| Next Low | 7.353000000 |
| 2nd Low | 6.654000000 |
| 3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing