DOT/USDT – 4H – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is existing. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 4.196000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 3.800000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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 | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.196000000 |
| Current Price | 4.215000000 |
| Next Low | 3.800000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.196000000 – 4.110000000 – 3.665000000 – 3.800000000 – 3.323000000 – 3.308000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern