Moreover a ‘Triple bottom chart pattern’ chart pattern is detected. The chart picture forms ‘Triple bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 4.624000000 is considered certain.
Caution: A possible change in the direction of support at 4.348000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 4.624 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 4.624000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.538000000 |
| Next Low | 4.348000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.454000000 – 4.335000000 – 4.624000000 – 4.348000000 – 4.165000000 – 4.133000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern