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
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Triple top chart pattern –