DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 4.454000000 is considered certain.
Caution: A possible change in the direction of support at 4.165000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.624000000 |
| Next High | 4.454000000 |
| Current Price | 4.464000000 |
| Next Low | 4.165000000 |
| 2nd Low | 4.133000000 |
| 3rd Low | 4.075000000 |
4.454000000 – 4.624000000 – 4.277000000 – 4.165000000 – 4.133000000 – 4.075000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –