DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 4.136000000 is certain.
Caution: A possible change in the direction of the support level at 3.894000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading 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 | 4.048000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.279000000 – 4.381000000 — 52.610763101149 – 53.49643882579
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple top chart pattern –