DOT/USDT – 30M – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 3.849000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 3.735000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.105000000 |
| 2nd High | 3.859000000 |
| Next High | 3.849000000 |
| Current Price | 3.886000000 |
| Next Low | 3.735000000 |
| 2nd Low | 3.716000000 |
| 3rd Low | 3.709000000 |
3.834000000 – 3.817000000 – 3.817000000 – 3.735000000 – 3.754000000 – 3.716000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji