DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 4.682000000 will continue.

Caution: A possible trend reversal in the direction of the support level at 4.065000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.277 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 4.682000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.277000000 – 4.269000000 – 4.196000000 – 4.065000000 – 3.800000000 – 3.939000000

Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern