DOT/USDT – 1H – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 4.136000000 will continue.
Caution: A possible counter-trend in the direction of support at 3.894000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
In addition a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.202000000 |
| Next High | 4.136000000 |
| Current Price | 3.958000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.279000000 – 4.381000000 — 38.070256558194 – 41.805848862001
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – –