DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 4.196000000 will persist.
Caution: A possible change in the direction of the support level at 3.839000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 4.598000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 4.199000000 |
| Next Low | 3.839000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.144000000 – 4.123000000 – 4.099000000 – 3.839000000 – 3.800000000 – 3.939000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern