DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance at 4.202000000 is certain.

Caution: A possible trend reversal in the direction of the support zone at 3.894000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 4.224 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.202000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency 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).

4.202000000 – 4.554000000 – 4.498000000 – 3.894000000 – 4.000000000 – 4.355000000 — 53.257138232466 – 53.580178327368

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –