DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 4.065000000 will continue.
Caution: A possible reversal of the trend in the direction of support at 3.796000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candle pattern is existing. The candles show ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 4.110000000 |
| Next High | 4.065000000 |
| Current Price | 3.968000000 |
| Next Low | 3.796000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
4.065000000 – 4.110000000 – 4.016000000 – 3.796000000 – 3.828000000 – 3.332000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –