The pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 4.067000000 is certain.
Caution: A possible reversal of the trend in the direction of support at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 4.067000000 |
| Current Price | 4.014000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4.067000000 – 4.012000000 – 4.065000000 – 3.796000000 – 3.828000000 – 3.332000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –