DOT/USDT – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance level at 4.206000000 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 3.863000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 4.206 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 4.206000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

4.206000000 – 4.131000000 – 4.136000000 – 3.863000000 – 3.894000000 – 4.279000000 — 66.178362208682 – 66.623931393915

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double bottom retreat down –