The currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline up.
An ascending movement up to the next resistance line at 4.202000000 will continue.
Caution: A possible change in the direction of the support level at 4.000000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘RSI cross above 30’ indicator layout is discovered. The indicator is ‘RSI cross above 30’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.202000000 |
| Current Price | 4.009000000 |
| Next Low | 4.000000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.202000000 – 4.554000000 – 4.498000000 – 4.000000000 – 4.355000000 – 4.279000000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up –