DOT/USDT – 30M – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The pair is likely to go up.
The currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 3.834000000 will continue.
Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 3.81596 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 3.834000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency 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 | 3.859000000 |
| 2nd High | 3.849000000 |
| Next High | 3.834000000 |
| Current Price | 3.817000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.834000000 – 3.817000000 – 3.817000000 – 3.754000000 – 3.716000000 – 3.752000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji