DOT/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance line at 4.202000000 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 3.863000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.

Then a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Then a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

4.131000000 – 4.136000000 – 4.202000000 – 3.863000000 – 3.894000000 – 4.279000000 — 67.649715331465 – 70.397681690771

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –