The pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 7.109000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 6.810000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 7.014848 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 7.109000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ chart pattern is discovered. 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 success rate of a ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 7.592000000 |
2nd High | 7.152000000 |
Next High | 7.109000000 |
Current Price | 6.876000000 |
Next Low | 6.810000000 |
2nd Low | 6.654000000 |
3rd Low | 6.010000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three White Soldiers