DOT/USDT – 30M – BUYIn addition a ‘Double top retreat up’ chart layout is discovered. The chart shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline up.
A bullish movement up to the next resistance line at 4.202000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 3.894000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. 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 | 4.008000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.202000000 – 4.554000000 – 4.498000000 – 3.894000000 – 4.000000000 – 4.355000000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up –