DOT/USDT – 30M – BUYThe currency pair Polkadot/Tether (DOT/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 4.077000000 will persist.
Caution: A possible trend reversal in the direction of support at 3.863000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.202000000 |
| 2nd High | 4.136000000 |
| Next High | 4.077000000 |
| Current Price | 3.988000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.077000000 – 4.136000000 – 4.202000000 – 3.863000000 – 3.894000000 – 4.000000000 — 49.602895903711 – 50.00801896465
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top retreat up –