DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 4.682000000 is expected.
Caution: A possible counter-trend in the direction of the support line at 4.381000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.273000000 |
| 2nd High | 5.120000000 |
| Next High | 4.682000000 |
| Current Price | 4.625000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.587000000 – 4.454000000 – 4.624000000 – 4.381000000 – 4.165000000 – 4.133000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern