DOT/USDT – 30M – BUY

Next a ‘Double bottom chart pattern’ chart formation is found. The formation shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.

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

An ascending movement up to the next resistance at 4.131000000 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 4.084000000 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘RSI cross above 70’ indicator layout is existing. The indicator is ‘RSI cross above 70’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive 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).

4.131000000 – 4.077000000 – 4.136000000 – 4.084000000 – 3.900000000 – 3.863000000 — 56.99768512069 – 70.118091972775

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom chart pattern –