DOT/USDT – 30M – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 4.539000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 4.381000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Latter Bottom’ candle pattern is discovered. The chart shows ‘Latter Bottom’. 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 probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.539000000 |
| Current Price | 4.421000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.348000000 |
| 3rd Low | 4.165000000 |
4.539000000 – 4.673000000 – 4.587000000 – 4.381000000 – 4.348000000 – 4.165000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Latter Bottom –