DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 3.363000000 will continue.
Caution: A possible trend reversal in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.395000000 |
| 2nd High | 3.390000000 |
| Next High | 3.363000000 |
| Current Price | 3.355000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.363000000 – 3.390000000 – 3.395000000 – 3.328000000 – 3.308000000 – 3.313000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –