DOT/USDT – 30M – BUY

The combination Polkadot/Tether (DOT/USDT) breaks through the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance level at 4.554000000 will continue.

Caution: A possible trend reversal in the direction of the support line at 4.115000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Moreover a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

4.218000000 – 4.206000000 – 4.195000000 – 4.115000000 – 4.113000000 – 4.084000000 — 59.932187855867 – 63.558217107026

Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bullish Engulfing – Double bottom retreat down –