DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 4.202000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 3.894000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.202000000 |
| Current Price | 4.090000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.202000000 – 4.554000000 – 4.673000000 – 3.894000000 – 4.279000000 – 4.381000000 — 48.141261706439 – 49.301197601572
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –