Buy DOT/USDT – 1H – BUY

The pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline up.

An ascent up to the next resistance at 4.136000000 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 3.894000000 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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 4.023000000
Next Low 3.894000000
2nd Low 3.800000000
3rd Low 3.796000000

4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.279000000 – 4.381000000 — 41.705811507209 – 50.740535289924

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