DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 4.136000000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 3.863000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick pattern is existing. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.202000000 |
| Next High | 4.136000000 |
| Current Price | 3.995000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.863000000 – 3.894000000 – 4.279000000 — 46.959260655098 – 47.910866835016
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –