DOT/USDT – 1H – BUY

The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 4.277000000 will persist.

Caution: A possible counter-trend in the direction of the support level at 4.065000000 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 4.277 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 4.277000000 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle pattern is found. The chart forms ‘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’ heading 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 retreat down